Zacks Investment Research downgraded shares of Luxfer Holdings PLC (NYSE:LXFR) from a hold rating to a sell rating in a research note published on Saturday morning.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Luxfer Holdings PLC from a hold rating to a buy rating in a research report on Thursday, July 6th. TheStreet upgraded Luxfer Holdings PLC from a c+ rating to a b rating in a research report on Wednesday, May 17th.

Shares of Luxfer Holdings PLC (LXFR) opened at 11.61 on Friday. The firm’s 50-day moving average is $12.66 and its 200-day moving average is $12.03. The company has a market cap of $306.49 million, a price-to-earnings ratio of 19.71 and a beta of 0.82. Luxfer Holdings PLC has a one year low of $9.28 and a one year high of $13.49.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Shareholders of record on Friday, July 14th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Wednesday, July 12th. This is a boost from Luxfer Holdings PLC’s previous quarterly dividend of $0.12. Luxfer Holdings PLC’s payout ratio is currently 82.76%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Luxfer Holdings PLC by 1.3% in the second quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock valued at $215,000 after buying an additional 222 shares during the period. Aperio Group LLC boosted its stake in Luxfer Holdings PLC by 5.8% in the second quarter. Aperio Group LLC now owns 12,186 shares of the industrial products company’s stock valued at $156,000 after buying an additional 669 shares during the period. Baker Ellis Asset Management LLC boosted its stake in Luxfer Holdings PLC by 6.7% in the second quarter. Baker Ellis Asset Management LLC now owns 11,200 shares of the industrial products company’s stock valued at $143,000 after buying an additional 700 shares during the period. Wells Fargo & Company MN boosted its stake in Luxfer Holdings PLC by 0.5% in the first quarter. Wells Fargo & Company MN now owns 189,160 shares of the industrial products company’s stock valued at $2,300,000 after buying an additional 999 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Luxfer Holdings PLC by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock valued at $204,000 after buying an additional 1,589 shares during the period. Hedge funds and other institutional investors own 84.26% of the company’s stock.

About Luxfer Holdings PLC

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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