Tronox Holdings plc (NYSE:TROX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,456,867 shares of the company's stock after purchasing an additional 244,646 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.56% of Tronox worth $24,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TROX. Public Employees Retirement System of Ohio purchased a new stake in Tronox in the 3rd quarter valued at about $66,000. KBC Group NV grew its holdings in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock valued at $96,000 after buying an additional 1,683 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of Tronox during the 3rd quarter worth about $212,000. Finally, Quadrature Capital Ltd grew its holdings in shares of Tronox by 64.5% during the 3rd quarter. Quadrature Capital Ltd now owns 17,068 shares of the company's stock worth $250,000 after purchasing an additional 6,693 shares during the period. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Stock Down 2.2 %

Tronox stock traded down $0.17 during midday trading on Friday, hitting $7.25. 2,892,024 shares of the company were exchanged, compared to its average volume of 1,187,896. The company's fifty day moving average price is $8.69 and its 200-day moving average price is $10.89. The company has a market cap of $1.14 billion, a PE ratio of -23.37 and a beta of 1.64. 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 fifty-two week low of $6.64 and a fifty-two week high of $20.70.

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Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (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%. On average, research analysts predict that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox's payout ratio is -161.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TROX shares. Truist Financial decreased their target price on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their target price on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, February 26th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Mizuho decreased their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, UBS Group decreased their target price on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $13.50.

Insider Buying and Selling at Tronox

In other news, Director Stephen J. Jones purchased 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

About Tronox

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.