Van Lanschot Kempen Investment Management N.V. Decreases Holdings in Luxfer Holdings PLC $LXFR

Key Points

• Van Lanschot Kempen Investment Management N.V. has reduced its stake in Luxfer Holdings PLC by 27.7%, selling 521,815 shares during the first quarter.
• Insider transactions include Director Patrick K. Mullen selling 5,463 shares, and CFO Stephen Webster selling 4,244 shares, reflecting decreases of 13.30% and 13.73% in their positions, respectively.
• Luxfer has recently announced a quarterly dividend of $0.13 per share, resulting in a 4.2% yield based on an annualized payout of $0.52.

Van Lanschot Kempen Investment Management N.V. trimmed its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 27.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,003 shares of the industrial products company's stock after selling 521,815 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 5.01% of Luxfer worth $16,177,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in Luxfer during the 1st quarter worth $29,000. Quantbot Technologies LP acquired a new position in Luxfer in the first quarter valued at $56,000. Price T Rowe Associates Inc. MD acquired a new position in Luxfer in the fourth quarter valued at $137,000. Aquatic Capital Management LLC acquired a new position in Luxfer in the fourth quarter valued at $140,000. Finally, Corton Capital Inc. acquired a new position in Luxfer in the fourth quarter valued at $142,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Luxfer news, CFO Stephen Webster sold 4,244 shares of Luxfer stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $11.83, for a total value of $50,206.52. Following the sale, the chief financial officer owned 26,662 shares of the company's stock, valued at approximately $315,411.46. The trade was a 13.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard J. Hipple sold 4,108 shares of Luxfer stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the completion of the sale, the director directly owned 15,803 shares in the company, valued at $158,346.06. This represents a 20.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,151 shares of company stock worth $269,715 in the last three months. Company insiders own 1.24% of the company's stock.

Luxfer Stock Performance

LXFR traded up $0.59 during trading on Friday, hitting $13.12. The stock had a trading volume of 146,439 shares, compared to its average volume of 133,829. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.83 and a current ratio of 1.65. The firm has a market capitalization of $351.14 million, a P/E ratio of 14.58, a PEG ratio of 1.77 and a beta of 1.15. The company's 50-day moving average price is $12.14 and its 200 day moving average price is $11.90. Luxfer Holdings PLC has a twelve month low of $9.41 and a twelve month high of $15.64.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 6th. Shareholders of record on Friday, July 18th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's payout ratio is currently 57.78%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd.

About Luxfer

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.