NFJ Investment Group LLC cut its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 35.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 378,975 shares of the company's stock after selling 209,176 shares during the period. NFJ Investment Group LLC owned 0.24% of Tronox worth $5,544,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in Tronox by 4.7% in the third quarter. FMR LLC now owns 23,805,227 shares of the company's stock valued at $348,270,000 after acquiring an additional 1,073,674 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Tronox by 0.6% in 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. Driehaus Capital Management LLC raised its holdings in shares of Tronox by 109.3% in the second quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company's stock worth $41,530,000 after buying an additional 1,381,975 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of 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 worth $38,072,000 after buying an additional 68,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tronox by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company's stock worth $32,365,000 after buying an additional 112,010 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on TROX shares. BMO Capital Markets decreased their price target 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. The Goldman Sachs Group reduced their target price on shares of Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, September 19th. Barclays reduced their target price on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 28th. Finally, UBS Group raised shares of Tronox from a "neutral" rating to a "buy" rating and raised their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Tronox presently has an average rating of "Moderate Buy" and an average target price of $18.00.
Read Our Latest Research Report on Tronox
Tronox Stock Up 0.3 %
TROX stock traded up $0.04 during midday trading on Wednesday, hitting $12.02. 279,519 shares of the stock traded hands, compared to its average volume of 1,106,747. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The stock's fifty day simple moving average is $12.88 and its 200-day simple moving average is $14.75. Tronox Holdings plc has a 1-year low of $10.69 and a 1-year 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) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The firm had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. During the same quarter in the prior year, the business posted ($0.08) EPS. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. As a group, analysts anticipate that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.
Tronox Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.16%. Tronox's dividend payout ratio (DPR) is -104.16%.
About Tronox
(
Free Report)
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.
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