Earnest Partners LLC Sells 44,305 Shares of Luxfer Holdings PLC $LXFR

Earnest Partners LLC decreased its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 6.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 670,410 shares of the industrial products company’s stock after selling 44,305 shares during the period. Earnest Partners LLC’s holdings in Luxfer were worth $9,319,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Luxfer during the 2nd quarter valued at about $29,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Luxfer by 31.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,191 shares of the industrial products company’s stock valued at $136,000 after buying an additional 2,693 shares during the period. CWM LLC lifted its holdings in shares of Luxfer by 68.7% in the third quarter. CWM LLC now owns 11,676 shares of the industrial products company’s stock worth $162,000 after buying an additional 4,756 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Luxfer by 8.7% in the third quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 1,178 shares during the period. Finally, Creative Planning bought a new position in shares of Luxfer in the third quarter valued at approximately $211,000. Institutional investors own 90.82% of the company’s stock.

Luxfer Stock Performance

NYSE:LXFR opened at $11.61 on Monday. The company has a market capitalization of $309.18 million, a price-to-earnings ratio of 40.02, a PEG ratio of 1.66 and a beta of 1.01. The business has a 50 day moving average of $14.42 and a 200 day moving average of $13.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 0.73. Luxfer Holdings PLC has a 1-year low of $9.41 and a 1-year high of $16.02.

Luxfer Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 23rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. Luxfer’s dividend payout ratio (DPR) is 179.31%.

Analyst Ratings Changes

Several equities analysts recently commented on LXFR shares. Zacks Research cut shares of Luxfer from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Wall Street Zen downgraded shares of Luxfer from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

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.