Essex Investment Management Co. LLC Acquires Shares of 115,001 Luxfer Holdings PLC (LXFR)
Essex Investment Management Co. LLC acquired a new stake in shares of Luxfer Holdings PLC (NYSE:LXFR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 115,001 shares of the industrial products company’s stock, valued at approximately $1,817,000.
Other large investors have also bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of Luxfer in the third quarter worth about $120,000. Citadel Advisors LLC purchased a new position in shares of Luxfer in the third quarter worth about $173,000. Parametric Portfolio Associates LLC lifted its stake in shares of Luxfer by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock worth $204,000 after buying an additional 1,589 shares in the last quarter. State Street Corp lifted its stake in shares of Luxfer by 1.3% in the second quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock worth $215,000 after buying an additional 222 shares in the last quarter. Finally, Renaissance Group LLC lifted its stake in shares of Luxfer by 11.9% in the third quarter. Renaissance Group LLC now owns 34,579 shares of the industrial products company’s stock worth $431,000 after buying an additional 3,666 shares in the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on LXFR shares. Zacks Investment Research raised shares of Luxfer from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Saturday, November 11th. BidaskClub raised shares of Luxfer from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, ValuEngine upgraded shares of Luxfer from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th.
Luxfer (NYSE:LXFR) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Luxfer had a net margin of 4.04% and a return on equity of 15.13%. The firm had revenue of $115.20 million during the quarter. analysts predict that Luxfer Holdings PLC will post 1.05 EPS for the current year.
The company also recently disclosed a None dividend, which will be paid on Wednesday, February 7th. Investors of record on Friday, January 19th will be given a dividend of $0.125 per share. This is a boost from Luxfer’s previous None dividend of $0.12. This represents a yield of 3.33%. The ex-dividend date is Thursday, January 18th. Luxfer’s dividend payout ratio (DPR) is presently 78.13%.
Luxfer Company Profile
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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