Renaissance Technologies LLC Makes New $956,000 Investment in Luxfer Holdings PLC $LXFR

Renaissance Technologies LLC purchased a new position in Luxfer Holdings PLC (NYSE:LXFR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 78,524 shares of the industrial products company’s stock, valued at approximately $956,000.

Other large investors also recently modified their holdings of the company. Royce & Associates LP raised its stake in shares of Luxfer by 1.5% during the fourth quarter. Royce & Associates LP now owns 1,802,435 shares of the industrial products company’s stock valued at $24,387,000 after purchasing an additional 26,046 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Luxfer by 2.3% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,700,550 shares of the industrial products company’s stock valued at $23,008,000 after buying an additional 38,108 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Luxfer by 6.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 976,873 shares of the industrial products company’s stock valued at $11,898,000 after buying an additional 58,197 shares in the last quarter. Earnest Partners LLC increased its stake in Luxfer by 24.9% during the 4th quarter. Earnest Partners LLC now owns 837,433 shares of the industrial products company’s stock valued at $11,330,000 after buying an additional 167,023 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Luxfer by 17.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company’s stock valued at $5,947,000 after buying an additional 70,989 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LXFR has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Thursday, June 18th. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Zacks Research cut Luxfer from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Luxfer Trading Up 0.1%

Shares of LXFR stock opened at $17.09 on Friday. The stock has a 50-day simple moving average of $17.47 and a 200 day simple moving average of $15.33. The stock has a market capitalization of $457.44 million, a P/E ratio of 56.98, a P/E/G ratio of 2.22 and a beta of 1.13. Luxfer Holdings PLC has a fifty-two week low of $11.26 and a fifty-two week high of $19.45. The company has a quick ratio of 1.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.26.

Luxfer (NYSE:LXFR) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Luxfer had a net margin of 2.20% and a return on equity of 12.22%. The firm had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $90.30 million. On average, sell-side analysts expect that Luxfer Holdings PLC will post 1.1 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Friday, July 17th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, July 17th. Luxfer’s payout ratio is presently 173.33%.

Insiders Place Their Bets

In related news, Director Lisa G. Trimberger sold 4,010 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,350.50. Following the completion of the sale, the director directly owned 20,801 shares of the company’s stock, valued at $313,055.05. This represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Clive Snowdon sold 4,015 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $15.05, for a total transaction of $60,425.75. Following the sale, the director directly owned 26,841 shares of the company’s stock, valued at approximately $403,957.05. This represents a 13.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 21,368 shares of company stock worth $321,588. Company insiders own 2.00% of the company’s stock.

Luxfer Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.