Raymond James Financial Inc. acquired a new stake in Tronox Holdings plc (NYSE:TROX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 69,653 shares of the company's stock, valued at approximately $701,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in Tronox in the third quarter valued at $66,000. KBC Group NV grew its holdings in shares of 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 purchasing an additional 2,590 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Tronox during the 4th quarter worth about $112,000. Edgestream Partners L.P. bought a new position in Tronox during the 3rd quarter valued at about $212,000. Finally, Quadrature Capital Ltd boosted its position in 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 in the last quarter. 73.36% of the stock is owned by institutional investors.
Insider Transactions at Tronox
In other Tronox news, Director Stephen J. Jones acquired 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 purchase, the director now owns 30,000 shares of the company's stock, valued at $215,100. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.60% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Truist Financial dropped their price objective on shares of Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. UBS Group cut their price objective on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group cut 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, Mizuho decreased their price objective on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $13.50.
Check Out Our Latest Stock Analysis on Tronox
Tronox Trading Down 7.9 %
Tronox stock traded down $0.43 during mid-day trading on Thursday, hitting $4.97. The stock had a trading volume of 2,748,212 shares, compared to its average volume of 1,336,762. The stock has a market capitalization of $784.16 million, a PE ratio of -16.02 and a beta of 1.53. Tronox Holdings plc has a 12 month low of $4.35 and a 12 month high of $20.70. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock has a 50-day simple moving average of $7.43 and a two-hundred day simple moving average of $10.18.
Tronox (NYSE:TROX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. As a group, sell-side analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current year.
Tronox Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 10.07%. Tronox's dividend payout ratio (DPR) is presently -161.29%.
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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