Tronox Holdings plc (NYSE:TROX) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lifted its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,026,040 shares of the company's stock after acquiring an additional 175,200 shares during the period. First Eagle Investment Management LLC owned 0.65% of Tronox worth $10,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after buying an additional 1,073,674 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Tronox by 0.6% during the third quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company's stock worth $63,223,000 after buying an additional 23,686 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tronox by 0.8% during the third 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 during the last quarter. Bank of New York Mellon Corp raised its position in Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after purchasing an additional 551,645 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Tronox by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock valued at $24,741,000 after purchasing an additional 244,646 shares during the period. 73.36% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Insider Transactions at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was 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 $215,100. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Tronox Stock Up 2.1 %

NYSE TROX traded up $0.16 during trading hours on Wednesday, hitting $7.43. 1,483,121 shares of the company were exchanged, compared to its average volume of 1,180,689. The company has a 50 day moving average of $8.80 and a two-hundred day moving average of $10.98. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 52-week low of $6.64 and a 52-week high of $20.70. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -23.95 and a beta of 1.64.

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

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.73%. Tronox's dividend payout ratio is currently -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.