Luxfer Holdings PLC $LXFR Stock Holdings Lessened by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lowered its stake in shares of Luxfer Holdings PLC (NYSE:LXFR) by 24.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,163 shares of the industrial products company’s stock after selling 111,500 shares during the quarter. Hillsdale Investment Management Inc. owned about 1.30% of Luxfer worth $4,697,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LXFR. State of Alaska Department of Revenue bought a new stake in shares of Luxfer in the fourth quarter valued at approximately $26,000. Raymond James Financial Inc. bought a new stake in shares of Luxfer in the second quarter valued at approximately $29,000. LSV Asset Management bought a new stake in shares of Luxfer in the fourth quarter valued at approximately $85,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Luxfer in the fourth quarter valued at approximately $101,000. Finally, Diversified Trust Co. bought a new stake in shares of Luxfer in the fourth quarter valued at approximately $139,000. 90.82% of the stock is owned by institutional investors.

Luxfer Stock Down 0.1%

Shares of LXFR stock opened at $17.09 on Friday. The stock has a market cap of $461.55 million, a P/E ratio of 77.68, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Luxfer Holdings PLC has a one year low of $11.15 and a one year high of $17.22. The stock has a fifty day moving average price of $13.92 and a 200 day moving average price of $13.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.81.

Luxfer Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, April 17th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, April 17th. Luxfer’s dividend payout ratio is currently 236.36%.

Wall Street Analyst Weigh In

Several research analysts recently commented on LXFR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Zacks Research raised Luxfer from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Freedom Capital raised Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen cut Luxfer from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Luxfer presently has a consensus rating of “Buy”.

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.