Nuveen Asset Management LLC Sells 69,810 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Nuveen Asset Management LLC cut its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,557 shares of the industrial products company's stock after selling 69,810 shares during the period. Nuveen Asset Management LLC owned about 0.81% of Luxfer worth $2,835,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Luxfer in the fourth quarter worth about $137,000. Millennium Management LLC acquired a new stake in shares of Luxfer in the fourth quarter valued at approximately $3,308,000. First Eagle Investment Management LLC raised its position in Luxfer by 23.3% in the 4th quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company's stock worth $5,572,000 after purchasing an additional 80,500 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Luxfer by 98.3% during the 4th quarter. Lazard Asset Management LLC now owns 48,057 shares of the industrial products company's stock worth $629,000 after buying an additional 23,820 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Luxfer by 17.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company's stock valued at $10,282,000 after buying an additional 115,623 shares during the last quarter. 90.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Luxfer news, insider Graham Wardlow sold 7,962 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $11.33, for a total transaction of $90,209.46. Following the transaction, the insider now owns 25,847 shares in the company, valued at approximately $292,846.51. This trade represents a 23.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.24% of the company's stock.

Analyst Ratings Changes

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

Luxfer Trading Up 3.0%

NYSE:LXFR traded up $0.35 on Friday, hitting $11.81. 81,950 shares of the stock were exchanged, compared to its average volume of 133,117. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.17. Luxfer Holdings PLC has a 52 week low of $9.41 and a 52 week high of $15.64. The stock has a market capitalization of $321.59 million, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.85 and a beta of 1.09. The company's 50-day moving average price is $10.92 and its 200 day moving average price is $12.50.

Luxfer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 7th. Shareholders of record on Friday, April 18th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Thursday, April 17th. Luxfer's dividend payout ratio is presently 66.67%.

Luxfer 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.