Renaissance Technologies LLC Takes Position in Luxfer Holdings PLC $LXFR

Key Points

• Renaissance Technologies acquired 78,524 Luxfer shares worth approximately $956,000, representing about 0.29% of the company. Institutional investors collectively own 90.82% of Luxfer.
• Luxfer reported quarterly EPS of $0.29, slightly exceeding estimates, while revenue of $95.7 million surpassed expectations of $90.3 million. Analysts maintain a consensus “Moderate Buy” rating.
• Two directors sold shares totaling approximately $140,462, contributing to $321,588 in insider sales over the past 90 days. Luxfer also pays a quarterly dividend of $0.13, implying a 3.0% annualized yield.

Renaissance Technologies LLC purchased a new position in Luxfer Holdings PLC (NYSE:LXFR - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 78,524 shares of the industrial products company's stock, valued at approximately $956,000. Renaissance Technologies LLC owned approximately 0.29% of Luxfer as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in Luxfer by 17.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company's stock worth $5,947,000 after buying an additional 70,989 shares during the last quarter. First Wilshire Securities Management Inc. raised its position in shares of Luxfer by 0.7% during the 1st quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company's stock valued at $4,168,000 after acquiring an additional 2,454 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Luxfer by 6.3% during the first quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company's stock worth $11,898,000 after purchasing an additional 58,197 shares during the last quarter. Strs Ohio acquired a new position in Luxfer in the first quarter worth $318,000. Finally, Ritholtz Wealth Management bought a new stake in Luxfer during the first quarter valued at $146,000. Institutional investors and hedge funds own 90.82% of the company's stock.

Insider Transactions at Luxfer

In other Luxfer news, Director Patrick K. Mullen sold 5,323 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $15.05, for a total value of $80,111.15. Following the completion of the transaction, the director owned 42,145 shares in the company, valued at approximately $634,282.25. This represents a 11.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sylvia Ann Stein sold 4,010 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the sale, the director owned 14,844 shares in the company, valued at $223,402.20. The trade was a 21.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,368 shares of company stock worth $321,588 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

LXFR has been the topic of a number of research reports. Freedom Capital raised shares of Luxfer to a "strong-buy" rating in a report on Thursday, May 21st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Luxfer in a report on Thursday, June 18th. Wall Street Zen downgraded shares of Luxfer from a "strong-buy" rating to a "buy" rating in a research report on Sunday, May 31st. Finally, Zacks Research cut shares of Luxfer from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Luxfer currently has a consensus rating of "Moderate Buy".

Luxfer Price Performance

Shares of LXFR opened at $17.09 on Friday. Luxfer Holdings PLC has a 12 month low of $11.26 and a 12 month high of $19.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.33 and a quick ratio of 1.05. The stock has a fifty day moving average price of $17.47 and a 200 day moving average price of $15.33. The company has a market cap of $457.44 million, a P/E ratio of 56.98, a PEG ratio of 2.22 and a beta of 1.13.

Luxfer (NYSE:LXFR - Get Free Report) last posted its earnings results on Tuesday, July 28th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. Luxfer had a return on equity of 12.22% and a net margin of 2.20%.The company had revenue of $95.70 million for the quarter, compared to analysts' expectations of $90.30 million. On average, research analysts forecast that Luxfer Holdings PLC will post 1.1 earnings per share for the current year.

Luxfer Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Friday, July 17th were given a $0.13 dividend. The ex-dividend date was Friday, July 17th. This represents a $0.52 annualized dividend and a yield of 3.0%. Luxfer's dividend payout ratio (DPR) is currently 173.33%.

Luxfer Profile

Luxfer Gas Cylinders, trading as Luxfer NYSE: LXFR, is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.

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