Envestnet Asset Management Inc. Decreases Position in Luxfer Holdings PLC (NYSE:LXFR)

Envestnet Asset Management Inc. trimmed its holdings in Luxfer Holdings PLC (NYSE:LXFR - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 408,561 shares of the industrial products company's stock after selling 67,279 shares during the quarter. Envestnet Asset Management Inc. owned about 1.53% of Luxfer worth $5,348,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LXFR. R Squared Ltd acquired a new position in shares of Luxfer in the 4th quarter valued at $42,000. Globeflex Capital L P acquired a new position in Luxfer in the fourth quarter valued at $101,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Luxfer during the fourth quarter worth about $137,000. SG Americas Securities LLC increased its position in shares of Luxfer by 26.9% during the fourth quarter. SG Americas Securities LLC now owns 12,692 shares of the industrial products company's stock worth $166,000 after purchasing an additional 2,690 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Luxfer in the 4th quarter valued at about $173,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Stock Performance

NYSE:LXFR traded down $0.06 during trading hours on Friday, reaching $10.01. 51,042 shares of the company's stock were exchanged, compared to its average volume of 134,359. The company has a quick ratio of 1.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $274.47 million, a price-to-earnings ratio of 30.35, a P/E/G ratio of 1.85 and a beta of 0.95. Luxfer Holdings PLC has a 1-year low of $9.38 and a 1-year high of $15.64. The company has a 50-day moving average of $11.58 and a 200 day moving average of $12.99.

Luxfer (NYSE:LXFR - Get Free Report) last released its earnings results on Tuesday, February 25th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. Luxfer had a return on equity of 9.26% and a net margin of 2.37%. The business had revenue of $103.40 million for the quarter, compared to analyst estimates of $89.50 million. Research analysts anticipate that Luxfer Holdings PLC will post 0.85 EPS for the current year.

Luxfer Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Friday, April 18th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Thursday, April 17th. Luxfer's dividend payout ratio (DPR) is currently 76.47%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Luxfer from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 21st.

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.