Luxfer Holdings PLC $LXFR Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in Luxfer Holdings PLC (NYSE:LXFR) by 16.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,379 shares of the industrial products company’s stock after selling 20,092 shares during the quarter. Invesco Ltd. owned 0.36% of Luxfer worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Luxfer by 48.3% in the fourth quarter. Bank of America Corp DE now owns 1,854,220 shares of the industrial products company’s stock worth $24,272,000 after acquiring an additional 603,954 shares in the last quarter. Royce & Associates LP boosted its holdings in Luxfer by 8.4% in the first quarter. Royce & Associates LP now owns 1,759,749 shares of the industrial products company’s stock worth $20,871,000 after acquiring an additional 135,688 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Luxfer by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,510,311 shares of the industrial products company’s stock worth $17,912,000 after acquiring an additional 21,797 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Luxfer by 14.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 670,564 shares of the industrial products company’s stock worth $8,778,000 after acquiring an additional 84,097 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Luxfer by 7.6% in the first quarter. Envestnet Asset Management Inc. now owns 439,684 shares of the industrial products company’s stock worth $5,215,000 after purchasing an additional 31,123 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Trading Down 2.1%

Shares of NYSE:LXFR opened at $13.41 on Tuesday. Luxfer Holdings PLC has a 52-week low of $9.41 and a 52-week high of $15.64. The stock has a market cap of $358.85 million, a price-to-earnings ratio of 14.90, a PEG ratio of 1.80 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $12.38 and a 200-day moving average price of $11.85.

Luxfer Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, July 18th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, July 18th. Luxfer’s dividend payout ratio (DPR) is currently 57.78%.

Analyst Ratings Changes

Separately, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd.

Insider Activity at Luxfer

In related news, Director Clive Snowdon sold 4,120 shares of Luxfer stock in a transaction that occurred 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 completion of the transaction, the director directly owned 21,903 shares in the company, valued at approximately $219,468.06. This trade represents a 15.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sylvia Ann Stein sold 4,108 shares of Luxfer stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $10.02, for a total value of $41,162.16. Following the transaction, the director owned 9,901 shares of the company’s stock, valued at approximately $99,208.02. This represents a 29.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,151 shares of company stock valued at $269,715 in the last 90 days. 1.17% of the stock is currently owned by corporate insiders.

About Luxfer

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.