American Century Companies Inc. Buys 208,579 Shares of Tronox Holdings plc (NYSE:TROX)

American Century Companies Inc. increased its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,731,311 shares of the company's stock after buying an additional 208,579 shares during the period. American Century Companies Inc. owned 1.10% of Tronox worth $17,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock worth $69,869,000 after acquiring an additional 2,616,804 shares during the period. Lightrock Netherlands B.V. purchased a new position in shares of Tronox in the fourth quarter worth approximately $9,183,000. Bank of New York Mellon Corp increased its holdings in 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 valued at $26,486,000 after buying an additional 551,645 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Tronox by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company's stock worth $24,741,000 after acquiring an additional 244,646 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Tronox by 20.6% in the 4th quarter. First Eagle Investment Management LLC now owns 1,026,040 shares of the company's stock worth $10,332,000 after purchasing an additional 175,200 shares in the last quarter. Institutional investors own 73.36% of the company's stock.

Remove Ads

Insider Activity

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The shares were purchased at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $215,100. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TROX. The Goldman Sachs Group reduced their price target on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Mizuho decreased their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley reduced their price objective on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Truist Financial cut their price target on Tronox from $17.00 to $14.00 and set a "buy" rating for the company in a research note on Tuesday, February 18th. Finally, UBS Group cut their target price on Tronox from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.50.

Tronox Price Performance

Shares of NYSE:TROX traded down $0.54 on Friday, reaching $5.24. The company's stock had a trading volume of 2,307,763 shares, compared to its average volume of 1,254,589. The company has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $10.55. Tronox Holdings plc has a 52-week low of $5.07 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 company has a market cap of $827.91 million, a P/E ratio of -16.82 and a beta of 1.53.

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 analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. As a group, equities research analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox's dividend payout ratio (DPR) is -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.