JPMorgan Chase & Co. Has $6.13 Million Stock Holdings in Tronox Holdings plc (NYSE:TROX)

JPMorgan Chase & Co. decreased its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 27.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 608,948 shares of the company's stock after selling 232,282 shares during the period. JPMorgan Chase & Co. owned about 0.39% of Tronox worth $6,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in Tronox in the 3rd quarter worth approximately $66,000. KBC Group NV raised its holdings in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after acquiring an additional 2,590 shares during the period. Cibc World Markets Corp bought a new position in Tronox in the 4th quarter worth $112,000. Atria Investments Inc bought a new position in Tronox in the 4th quarter worth $112,000. Finally, AXQ Capital LP bought a new position in Tronox in the 4th quarter worth $160,000. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Performance

TROX traded up $0.23 during trading hours on Wednesday, reaching $5.65. The company's stock had a trading volume of 359,318 shares, compared to its average volume of 1,375,194. The company's 50-day moving average is $6.69 and its 200-day moving average is $9.68. Tronox Holdings plc has a 52 week low of $4.35 and a 52 week high of $20.70. The firm has a market cap of $892.35 million, a PE ratio of -18.23 and a beta of 1.53. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX - Get Free Report) last posted its 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%. On average, equities analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend was Monday, March 3rd. Tronox's dividend payout ratio is presently -161.29%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TROX. Mizuho decreased their price target on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial decreased their price target on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. The Goldman Sachs Group dropped 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. Morgan Stanley dropped their price target on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Finally, UBS Group dropped their price target on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.93.

Insider Buying and Selling at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company's stock.

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.