Luxfer Holdings PLC (NYSE:LXFR) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 98.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,057 shares of the industrial products company's stock after buying an additional 23,820 shares during the quarter. Lazard Asset Management LLC owned approximately 0.18% of Luxfer worth $629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LXFR. Deutsche Bank AG lifted its position in shares of Luxfer by 90.0% during the 4th quarter. Deutsche Bank AG now owns 24,835 shares of the industrial products company's stock worth $325,000 after purchasing an additional 11,763 shares during the last quarter. Corton Capital Inc. acquired a new stake in Luxfer in the fourth quarter valued at $142,000. Cubist Systematic Strategies LLC purchased a new stake in Luxfer during the 4th quarter worth about $1,462,000. Bank of America Corp DE lifted its holdings in Luxfer by 48.3% during the 4th quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company's stock worth $24,272,000 after buying an additional 603,954 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Luxfer by 34.4% during the 4th quarter. BNP Paribas Financial Markets now owns 34,447 shares of the industrial products company's stock worth $451,000 after acquiring an additional 8,808 shares in the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Stock Up 3.3%

Luxfer stock traded up $0.37 during mid-day trading on Tuesday, hitting $11.55. The company had a trading volume of 30,095 shares, compared to its average volume of 133,125. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. Luxfer Holdings PLC has a 1 year low of $9.41 and a 1 year high of $15.64. The business has a fifty day moving average of $10.96 and a 200 day moving average of $12.67. The stock has a market cap of $314.45 million, a price-to-earnings ratio of 35.03, a PEG ratio of 1.85 and a beta of 1.09.

Luxfer (NYSE:LXFR - Get Free Report) last posted its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. Luxfer had a net margin of 2.37% and a return on equity of 9.26%. The firm had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. On average, sell-side analysts expect that Luxfer Holdings PLC will post 0.85 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 7th. Investors of record on Friday, April 18th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a yield of 4.50%. Luxfer's dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Luxfer from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 21st.

Insiders Place Their Bets

In related news, insider Graham Wardlow sold 7,962 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $11.33, for a total value of $90,209.46. Following the completion of the sale, the insider now owns 25,847 shares in the company, valued at $292,846.51. This represents a 23.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.24% of the stock is currently owned by corporate insiders.

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.