Luxfer Holdings PLC (LXFR) Downgraded by BidaskClub to Hold
BidaskClub lowered shares of Luxfer Holdings PLC (NYSE:LXFR) from a buy rating to a hold rating in a report released on Tuesday morning.
A number of other equities research analysts have also recently issued reports on LXFR. Zacks Investment Research cut Luxfer Holdings PLC from a buy rating to a hold rating in a research note on Wednesday, July 12th. ValuEngine lowered Luxfer Holdings PLC from a buy rating to a hold rating in a report on Friday, September 1st.
Shares of Luxfer Holdings PLC (LXFR) traded up $0.39 during trading on Tuesday, reaching $13.73. The company’s stock had a trading volume of 74,525 shares, compared to its average volume of 54,115. The company has a quick ratio of 1.71, a current ratio of 2.98 and a debt-to-equity ratio of 0.89. Luxfer Holdings PLC has a 12-month low of $9.30 and a 12-month high of $13.84. The firm has a market capitalization of $334.94, a PE ratio of 13.93 and a beta of 0.84.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.64%. Luxfer Holdings PLC’s dividend payout ratio (DPR) is 75.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Luxfer Holdings PLC by 42.2% during the second quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock worth $30,566,000 after purchasing an additional 709,264 shares during the period. Paradice Investment Management LLC lifted its holdings in Luxfer Holdings PLC by 0.8% during the second quarter. Paradice Investment Management LLC now owns 1,746,663 shares of the industrial products company’s stock worth $22,340,000 after acquiring an additional 14,300 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Luxfer Holdings PLC by 2.8% during the third quarter. Deprince Race & Zollo Inc. now owns 1,511,468 shares of the industrial products company’s stock worth $18,818,000 after acquiring an additional 40,737 shares during the period. Renaissance Technologies LLC raised its stake in shares of Luxfer Holdings PLC by 3.0% in the first quarter. Renaissance Technologies LLC now owns 412,500 shares of the industrial products company’s stock valued at $5,016,000 after buying an additional 12,000 shares during the period. Finally, Kempen Capital Management N.V. raised its stake in shares of Luxfer Holdings PLC by 36.3% in the second quarter. Kempen Capital Management N.V. now owns 224,819 shares of the industrial products company’s stock valued at $2,875,000 after buying an additional 59,818 shares during the period. 85.28% of the stock is owned by institutional investors and hedge funds.
About Luxfer Holdings PLC
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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