JPMorgan Chase & Co. Boosts Holdings in Luxfer Holdings PLC (NYSE:LXFR)

JPMorgan Chase & Co. grew its stake in Luxfer Holdings PLC (NYSE:LXFR) by 129.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,727 shares of the industrial products company’s stock after acquiring an additional 15,641 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Luxfer worth $359,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LXFR. State Street Corp increased its stake in shares of Luxfer by 0.3% during the 3rd 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. BNP Paribas Financial Markets increased its holdings in Luxfer by 10.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 25,639 shares of the industrial products company’s stock worth $332,000 after purchasing an additional 2,470 shares during the last quarter. MML Investors Services LLC raised its holdings in Luxfer by 75.4% in the third 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. SG Americas Securities LLC bought a new stake in shares of Luxfer in the 3rd quarter valued at approximately $130,000. Finally, XTX Topco Ltd bought a new position in shares of Luxfer in the 3rd quarter worth about $146,000. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Stock Up 1.5 %

Luxfer stock opened at $14.16 on Thursday. Luxfer Holdings PLC has a 52 week low of $7.55 and a 52 week high of $15.64. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29. The stock has a market cap of $379.07 million, a price-to-earnings ratio of 42.89, a PEG ratio of 1.79 and a beta of 0.88. The company’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $12.82.

Luxfer Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Monday, January 27th. Luxfer’s dividend payout ratio (DPR) is presently 157.58%.

Analysts Set New Price Targets

Separately, StockNews.com cut Luxfer from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 22nd.

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.