Wellington Management Group LLP Sells 297,947 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Wellington Management Group LLP lowered its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,404,283 shares of the industrial products company’s stock after selling 297,947 shares during the quarter. Wellington Management Group LLP owned about 5.23% of Luxfer worth $12,554,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LXFR. Earnest Partners LLC increased its holdings in shares of Luxfer by 77.8% during the third quarter. Earnest Partners LLC now owns 731,774 shares of the industrial products company’s stock valued at $9,550,000 after acquiring an additional 320,282 shares in the last quarter. FMR LLC boosted its position in Luxfer by 7.6% in the third quarter. FMR LLC now owns 2,692,233 shares of the industrial products company’s stock valued at $35,134,000 after buying an additional 190,922 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Luxfer by 208.6% in the third quarter. Envestnet Asset Management Inc. now owns 261,248 shares of the industrial products company’s stock valued at $3,409,000 after buying an additional 176,603 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Luxfer by 56.4% in the fourth quarter. Artisan Partners Limited Partnership now owns 427,153 shares of the industrial products company’s stock valued at $3,819,000 after buying an additional 154,085 shares during the last quarter. Finally, Trexquant Investment LP purchased a new stake in Luxfer in the fourth quarter valued at approximately $736,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Luxfer from a “hold” rating to a “buy” rating in a research report on Monday, May 13th.

Luxfer Trading Up 0.1 %

Luxfer stock opened at $11.46 on Thursday. The company has a current ratio of 2.56, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. Luxfer Holdings PLC has a 12 month low of $7.55 and a 12 month high of $15.20. The stock’s 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $9.92. The firm has a market cap of $314.12 million, a PE ratio of 22.02, a P/E/G ratio of 2.12 and a beta of 0.94.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.06 by $0.12. Luxfer had a return on equity of 6.59% and a net margin of 0.08%. The business had revenue of $89.40 million for the quarter, compared to analyst estimates of $82.90 million. Analysts anticipate that Luxfer Holdings PLC will post 0.77 earnings per share for the current year.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, April 19th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.52 annualized dividend and a yield of 4.54%.

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.