Connor Clark & Lunn Investment Management Ltd. Sells 13,068 Shares of Luxfer Holdings PLC (NYSE:LXFR)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Luxfer Holdings PLC (NYSE:LXFR) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,555 shares of the industrial products company’s stock after selling 13,068 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.47% of Luxfer worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new stake in Luxfer in the 2nd quarter worth about $25,000. CWM LLC raised its holdings in shares of Luxfer by 466.6% in the second quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock worth $88,000 after buying an additional 6,224 shares during the period. SG Americas Securities LLC bought a new stake in shares of Luxfer during the 3rd quarter worth approximately $130,000. Algert Global LLC purchased a new position in Luxfer during the 2nd quarter valued at $133,000. Finally, Russell Investments Group Ltd. grew its position in Luxfer by 254.8% in the 1st quarter. Russell Investments Group Ltd. now owns 18,721 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 13,445 shares during the last quarter. Institutional investors own 90.82% of the company’s stock.

Insider Buying and Selling

In related news, insider Graham Wardlow sold 6,500 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 29,008 shares of the company’s stock, valued at $314,156.64. This represents a 18.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Luxfer from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 31st.

Luxfer Trading Up 2.0 %

Shares of LXFR opened at $14.50 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.17 and a quick ratio of 1.14. The firm has a market capitalization of $388.38 million, a price-to-earnings ratio of 43.91, a PEG ratio of 2.39 and a beta of 0.89. The company has a 50-day moving average of $13.34 and a 200 day moving average of $12.20. Luxfer Holdings PLC has a 1-year low of $7.55 and a 1-year high of $15.64.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were paid a $0.13 dividend. The ex-dividend date was Friday, October 18th. This represents a $0.52 annualized dividend and a yield of 3.59%. Luxfer’s dividend payout ratio (DPR) is currently 157.58%.

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.