R Squared Ltd Makes New Investment in Luxfer Holdings PLC (NYSE:LXFR)

R Squared Ltd bought a new stake in shares of Luxfer Holdings PLC (NYSE:LXFR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,240 shares of the industrial products company’s stock, valued at approximately $42,000.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Luxfer by 1.6% during the 3rd quarter. FMR LLC now owns 2,725,821 shares of the industrial products company’s stock valued at $35,299,000 after buying an additional 43,559 shares in the last quarter. MML Investors Services LLC grew its holdings in Luxfer by 75.4% during the 3rd quarter. MML Investors Services LLC now owns 19,135 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 8,223 shares during the last quarter. Barclays PLC grew its holdings in Luxfer by 64.2% during the 3rd quarter. Barclays PLC now owns 66,809 shares of the industrial products company’s stock valued at $865,000 after purchasing an additional 26,112 shares during the last quarter. State Street Corp grew its holdings in 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 purchasing an additional 1,413 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Luxfer by 129.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,727 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 15,641 shares during the last quarter. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Stock Performance

Shares of NYSE:LXFR opened at $14.15 on Monday. The company has a market capitalization of $378.94 million, a price-to-earnings ratio of 42.88, a PEG ratio of 1.82 and a beta of 0.88. Luxfer Holdings PLC has a 12 month low of $7.55 and a 12 month high of $15.64. The firm’s 50-day moving average is $13.65 and its 200 day moving average is $12.85. The company has a current ratio of 2.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.29.

Luxfer Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Luxfer from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 22nd.

Luxfer Profile

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.