Franklin Resources Inc. Has $40.95 Million Holdings in Tronox Holdings plc (NYSE:TROX)

Franklin Resources Inc. decreased its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 47.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,849,305 shares of the company's stock after selling 2,587,205 shares during the period. Franklin Resources Inc. owned about 1.80% of Tronox worth $40,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TROX. FMR LLC lifted its holdings in shares of Tronox by 4.7% in the third quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after acquiring an additional 1,073,674 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Tronox by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company's stock worth $63,223,000 after purchasing an additional 23,686 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock valued at $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in Tronox by 109.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company's stock valued at $41,530,000 after purchasing an additional 1,381,975 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in Tronox by 2.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company's stock valued at $38,072,000 after buying an additional 68,155 shares in the last quarter. 73.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

TROX has been the subject of a number of research reports. The Goldman Sachs Group dropped their price target on Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, September 19th. Barclays lowered their target price on Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 28th. UBS Group raised Tronox from a "neutral" rating to a "buy" rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. Finally, BMO Capital Markets dropped their price objective on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.00.

Tronox Trading Up 3.8 %

Shares of NYSE TROX traded up $0.39 during trading on Wednesday, reaching $10.53. The company had a trading volume of 2,102,115 shares, compared to its average volume of 1,109,502. The stock has a market cap of $1.66 billion, a P/E ratio of -21.94 and a beta of 1.59. The company's fifty day moving average price is $12.28 and its 200-day moving average price is $14.18. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a 12 month low of $9.99 and a 12 month high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts expect that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were paid a $0.125 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.75%. Tronox's dividend payout ratio is currently -104.17%.

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.