Earnest Partners LLC Boosts Holdings in Luxfer Holdings PLC (NYSE:LXFR)

Earnest Partners LLC lifted its position in shares of Luxfer Holdings PLC (NYSE:LXFR) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 558,449 shares of the industrial products company’s stock after buying an additional 57,656 shares during the period. Earnest Partners LLC owned approximately 2.04% of Luxfer worth $6,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LXFR. Vanguard Group Inc. boosted its stake in Luxfer by 188.8% during the first quarter. Vanguard Group Inc. now owns 1,685,338 shares of the industrial products company’s stock worth $17,477,000 after buying an additional 1,101,856 shares during the period. American Century Companies Inc. boosted its position in shares of Luxfer by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 899,263 shares of the industrial products company’s stock worth $10,422,000 after purchasing an additional 169,015 shares during the period. AQR Capital Management LLC boosted its position in shares of Luxfer by 7.0% during the 2nd quarter. AQR Capital Management LLC now owns 561,878 shares of the industrial products company’s stock worth $6,512,000 after purchasing an additional 36,711 shares during the period. Dimensional Fund Advisors LP increased its holdings in Luxfer by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 512,495 shares of the industrial products company’s stock valued at $5,940,000 after purchasing an additional 61,475 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised 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 purchasing an additional 154,085 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

Luxfer Trading Up 3.0 %

LXFR opened at $12.71 on Friday. Luxfer Holdings PLC has a 52 week low of $7.55 and a 52 week high of $13.52. The company has a quick ratio of 1.21, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $11.27. The firm has a market cap of $348.43 million, a P/E ratio of 25.00, a P/E/G ratio of 2.40 and a beta of 0.90.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $99.70 million during the quarter, compared to analysts’ expectations of $99.70 million. Luxfer had a positive return on equity of 6.24% and a negative net margin of 1.28%. On average, equities analysts expect that Luxfer Holdings PLC will post 0.75 earnings per share for the current year.

Luxfer Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Friday, July 19th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Friday, July 19th.

Insider Buying and Selling

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $10.83, for a total value of $70,395.00. Following the completion of the transaction, the insider now owns 29,008 shares of the company’s stock, valued at approximately $314,156.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.17% of the stock is owned by insiders.

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.