Luxfer Holdings PLC (LXFR) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a hold rating to a buy rating in a report released on Wednesday morning.

Other equities analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Luxfer Holdings PLC from a buy rating to a hold rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of Luxfer Holdings PLC from a hold rating to a buy rating and set a $15.00 price objective on the stock in a report on Saturday, November 11th.

Luxfer Holdings PLC (NYSE:LXFR) traded up $0.12 on Wednesday, hitting $13.73. 132,362 shares of the stock traded hands, compared to its average volume of 72,143. Luxfer Holdings PLC has a 12-month low of $10.26 and a 12-month high of $13.84. The company has a current ratio of 2.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $363.21, a P/E ratio of 15.08 and a beta of 0.85.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, October 16th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. Luxfer Holdings PLC’s dividend payout ratio is currently 75.00%.

A number of hedge funds and other institutional investors have recently modified their holdings of LXFR. FMR LLC boosted its position in Luxfer Holdings PLC by 42.2% in the second quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock valued at $30,566,000 after buying an additional 709,264 shares during the last quarter. Paradice Investment Management LLC boosted its position in Luxfer Holdings PLC by 14.6% in the third quarter. Paradice Investment Management LLC now owns 2,002,400 shares of the industrial products company’s stock valued at $24,930,000 after buying an additional 255,737 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in Luxfer Holdings PLC by 4.9% in the second quarter. Deprince Race & Zollo Inc. now owns 1,470,731 shares of the industrial products company’s stock valued at $18,811,000 after buying an additional 68,109 shares during the last quarter. Kempen Capital Management N.V. boosted its position in Luxfer Holdings PLC by 36.3% in the second quarter. Kempen Capital Management N.V. now owns 224,819 shares of the industrial products company’s stock valued at $2,875,000 after buying an additional 59,818 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Luxfer Holdings PLC by 28.8% in the third quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock valued at $3,079,000 after buying an additional 55,240 shares during the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Luxfer Holdings PLC Company Profile

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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