Russell Investments Group Ltd. Sells 17,101 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Russell Investments Group Ltd. decreased its stake in Luxfer Holdings PLC (NYSE:LXFR) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,322 shares of the industrial products company’s stock after selling 17,101 shares during the period. Russell Investments Group Ltd. owned about 0.52% of Luxfer worth $1,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in Luxfer by 64.2% during the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock worth $865,000 after purchasing an additional 26,112 shares during the last quarter. MML Investors Services LLC lifted its position in Luxfer by 75.4% in the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 8,223 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Luxfer by 23.3% during the fourth quarter. First Eagle Investment Management LLC now owns 425,656 shares of the industrial products company’s stock worth $5,572,000 after buying an additional 80,500 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Luxfer by 129.4% during the third quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 15,641 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in shares of Luxfer by 17.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 785,487 shares of the industrial products company’s stock valued at $10,282,000 after acquiring an additional 115,623 shares in the last quarter. Institutional investors own 90.82% of the company’s stock.

Luxfer Trading Down 2.9 %

NYSE:LXFR opened at $9.86 on Friday. Luxfer Holdings PLC has a 1 year low of $9.38 and a 1 year high of $15.64. The stock’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $13.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The company has a market cap of $263.70 million, a P/E ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 0.95.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $103.40 million for the quarter, compared to the consensus estimate of $89.50 million. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. As a group, analysts expect that Luxfer Holdings PLC will post 0.85 EPS for the current year.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Friday, April 18th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.52 dividend on an annualized basis and a yield of 5.27%. Luxfer’s payout ratio is 76.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 21st.

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.