Inceptionr LLC Purchases New Position in Tronox Holdings plc (NYSE:TROX)

Inceptionr LLC acquired a new position in Tronox Holdings plc (NYSE:TROX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,833 shares of the company's stock, valued at approximately $411,000.

A number of other large investors have also added to or reduced their stakes 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 period. Lightrock Netherlands B.V. purchased a new stake in Tronox in the 4th quarter valued at about $9,183,000. Bank of New York Mellon Corp increased its position in shares of Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after acquiring an additional 551,645 shares during the period. Victory Capital Management Inc. raised its stake in shares of Tronox by 54.6% during the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company's stock valued at $22,497,000 after acquiring an additional 543,091 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of 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. Institutional investors own 73.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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 research report on Monday, January 13th. The Goldman Sachs Group dropped their target price on shares of Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday, February 26th. UBS Group dropped their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Truist Financial lowered their price objective on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.36.

Remove Ads

Tronox Stock Performance

Shares of Tronox stock traded up $0.06 during trading on Wednesday, hitting $6.95. 1,520,143 shares of the company's stock were exchanged, compared to its average volume of 1,761,118. Tronox Holdings plc has a 52-week low of $6.64 and a 52-week high of $20.70. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -22.40 and a beta of 1.64. The business has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $11.23.

Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Monday, March 3rd. Tronox's dividend payout ratio (DPR) is -161.29%.

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.