Connor Clark & Lunn Investment Management Ltd. Sells 12,170 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 9.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,385 shares of the industrial products company’s stock after selling 12,170 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Luxfer were worth $1,497,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LXFR. FMR LLC boosted its holdings in Luxfer by 1.6% during the third quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock worth $35,299,000 after purchasing an additional 43,559 shares during the last quarter. Barclays PLC boosted its stake in shares of 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 buying an additional 26,112 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of 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. JPMorgan Chase & Co. grew its holdings in shares of Luxfer by 129.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after acquiring an additional 15,641 shares in the last quarter. Finally, State Street Corp increased its position in shares of Luxfer by 0.3% in the third quarter. State Street Corp now owns 558,847 shares of the industrial products company’s stock valued at $7,237,000 after acquiring an additional 1,413 shares during the last quarter. 90.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Luxfer Price Performance

NYSE:LXFR opened at $12.14 on Thursday. The stock has a market capitalization of $324.54 million, a PE ratio of 36.78, a P/E/G ratio of 1.85 and a beta of 0.93. Luxfer Holdings PLC has a 1-year low of $9.26 and a 1-year high of $15.64. The firm has a fifty day simple moving average of $13.35 and a 200 day simple moving average of $13.27. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

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

Luxfer Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.28%. The ex-dividend date was Monday, January 27th. Luxfer’s dividend payout ratio is 76.47%.

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.