Franklin Resources Inc. Sells 1,062,441 Shares of Tronox Holdings plc (NYSE:TROX)

Franklin Resources Inc. decreased its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,786,864 shares of the company's stock after selling 1,062,441 shares during the quarter. Franklin Resources Inc. owned 1.13% of Tronox worth $17,994,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TROX. KBC Group NV boosted its holdings in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after acquiring an additional 2,590 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the third quarter valued at about $66,000. Harbor Capital Advisors Inc. grew its holdings in shares of Tronox by 8.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock worth $702,000 after purchasing an additional 5,309 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Tronox by 64.5% in the third quarter. Quadrature Capital Ltd now owns 17,068 shares of the company's stock valued at $250,000 after buying an additional 6,693 shares during the period. Finally, Private Capital Management LLC raised its holdings in Tronox by 0.7% in the 3rd quarter. Private Capital Management LLC now owns 1,161,304 shares of the company's stock valued at $16,990,000 after buying an additional 7,530 shares during the last quarter. Institutional investors own 73.36% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Tronox

In other Tronox 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 price 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Tronox Stock Up 4.1 %

Shares of TROX stock traded up $0.21 on Friday, reaching $5.24. 2,489,733 shares of the company were exchanged, compared to its average volume of 1,343,314. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company has a 50-day moving average of $7.32 and a 200-day moving average of $10.12. The company has a market cap of $826.81 million, a price-to-earnings ratio of -16.89 and a beta of 1.53. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Analysts anticipate 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. Investors of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 9.55%. The ex-dividend date was Monday, March 3rd. Tronox's payout ratio is currently -161.29%.

Tronox Company 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.