Luxfer Holdings PLC $LXFR Shares Sold by Van Lanschot Kempen Investment Management N.V.

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. cut its stake in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 27.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in Luxfer in the first quarter valued at about $29,000. Quantbot Technologies LP acquired a new stake in Luxfer during the first quarter worth approximately $56,000. Price T Rowe Associates Inc. MD acquired a new stake in Luxfer during the fourth quarter worth approximately $137,000. Aquatic Capital Management LLC acquired a new stake in Luxfer during the fourth quarter worth approximately $140,000. Finally, Corton Capital Inc. acquired a new stake in Luxfer during the fourth quarter worth approximately $142,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Patrick K. Mullen sold 5,463 shares of Luxfer stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $10.02, for a total transaction of $54,739.26. Following the sale, the director owned 35,617 shares of the company's stock, valued at $356,882.34. The trade was a 13.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Clive Snowdon sold 4,120 shares of Luxfer stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $10.02, for a total transaction of $41,282.40. Following the sale, the director directly owned 21,903 shares in the company, valued at $219,468.06. This trade represents a 15.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,151 shares of company stock worth $269,715. 1.17% of the stock is owned by company insiders.

Luxfer Trading Up 0.8%

NYSE:LXFR traded up $0.10 during trading hours on Monday, reaching $13.25. 54,708 shares of the company were exchanged, compared to its average volume of 128,559. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.65 and a quick ratio of 0.83. The firm has a market cap of $354.57 million, a price-to-earnings ratio of 14.71, a PEG ratio of 1.77 and a beta of 1.15. Luxfer Holdings PLC has a 52-week low of $9.41 and a 52-week high of $15.64. The stock has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $11.89.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Friday, July 18th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, July 18th. Luxfer's dividend payout ratio (DPR) is currently 57.78%.

Luxfer Company Profile

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.