Royce & Associates LP Acquires 80,060 Shares of Tronox Holdings plc (NYSE:TROX)

Royce & Associates LP lifted its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 573,603 shares of the company's stock after purchasing an additional 80,060 shares during the period. Royce & Associates LP owned 0.36% of Tronox worth $5,776,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TROX. Quantbot Technologies LP boosted its holdings in Tronox by 98.6% in the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company's stock valued at $2,559,000 after acquiring an additional 86,852 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tronox by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company's stock valued at $39,708,000 after acquiring an additional 22,165 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock valued at $26,486,000 after acquiring an additional 551,645 shares during the last quarter. Atom Investors LP boosted its holdings in Tronox by 72.9% in the third quarter. Atom Investors LP now owns 125,790 shares of the company's stock valued at $1,840,000 after acquiring an additional 53,034 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Tronox by 18.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company's stock valued at $12,161,000 after acquiring an additional 126,846 shares during the last quarter. Institutional investors own 73.36% of the company's stock.

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Insider Activity at Tronox

In other news, Director Stephen J. Jones bought 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 transaction, the director now owns 30,000 shares in the company, valued at $215,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TROX has been the topic of several analyst reports. Mizuho cut their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group cut their target price on Tronox from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Truist Financial cut their target price on Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, UBS Group cut their target price on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.50.

Tronox Stock Down 2.2 %

Shares of NYSE TROX traded down $0.17 during mid-day trading on Friday, reaching $7.25. 2,892,024 shares of the company's stock were exchanged, compared to its average volume of 1,186,449. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -23.37 and a beta of 1.64. 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 business has a fifty day simple moving average of $8.69 and a 200 day simple moving average of $10.87. Tronox Holdings plc has a twelve month low of $6.64 and a twelve month high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS 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%. As a group, equities analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Monday, March 3rd. Tronox's dividend payout ratio is presently -161.29%.

Tronox Company 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.