Capital International Investors Buys 781,223 Shares of Tronox Holdings plc (NYSE:TROX)

Capital International Investors boosted its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,060,943 shares of the company's stock after buying an additional 781,223 shares during the quarter. Capital International Investors owned approximately 3.84% of Tronox worth $61,034,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in Tronox by 39.9% in the 4th quarter. Sei Investments Co. now owns 284,353 shares of the company's stock valued at $2,863,000 after purchasing an additional 81,078 shares during the last quarter. Geode Capital Management LLC lifted its position in Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock worth $39,708,000 after buying an additional 22,165 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Tronox during the 4th quarter worth about $701,000. Bank of New York Mellon Corp increased its position in Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after acquiring an additional 551,645 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Tronox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock worth $127,390,000 after acquiring an additional 193,895 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Insider Activity at Tronox

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now owns 30,000 shares of the company's stock, valued at $215,100. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

TROX has been the topic of several research reports. UBS Group cut their price target on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Truist Financial reduced their price objective on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Mizuho cut their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group decreased their price objective on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.93.

Tronox Stock Down 0.3 %

Shares of Tronox stock traded down $0.02 on Friday, hitting $5.70. The company had a trading volume of 706,817 shares, compared to its average volume of 2,099,719. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $9.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. Tronox Holdings plc has a twelve month low of $4.35 and a twelve month high of $20.70. The firm has a market capitalization of $899.46 million, a P/E ratio of -18.37 and a beta of 1.53.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Research analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 8.78%. Tronox's dividend payout ratio (DPR) is presently -161.29%.

Tronox Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.