Tronox Holdings plc (NYSE:TROX) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,142,856 shares of the company's stock after purchasing an additional 77,146 shares during the period. Van ECK Associates Corp owned approximately 0.72% of Tronox worth $11,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in Tronox in the 3rd quarter valued at approximately $66,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock valued at $96,000 after buying an additional 1,683 shares during the period. KBC Group NV boosted its position in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares during the period. nVerses Capital LLC boosted its position in Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock valued at $152,000 after buying an additional 2,700 shares during the period. Finally, Entropy Technologies LP purchased a new position in Tronox in the 3rd quarter valued at approximately $190,000. Hedge funds and other institutional investors own 73.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TROX shares. Morgan Stanley reduced their price objective on shares of Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. UBS Group lowered their target price on shares of Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their target price on shares of Tronox from $17.00 to $14.00 and set a "buy" rating on the stock in a report on Tuesday. The Goldman Sachs Group lowered their target price on shares of Tronox from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, BMO Capital Markets lowered their target price on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Tronox has an average rating of "Moderate Buy" and a consensus price target of $15.57.

Tronox Price Performance

TROX stock traded up $0.05 during trading on Wednesday, reaching $8.07. 3,513,783 shares of the company were exchanged, compared to its average volume of 1,507,149. The company has a market cap of $1.27 billion, a P/E ratio of -26.04 and a beta of 1.60. Tronox Holdings plc has a 52-week low of $7.72 and a 52-week high of $20.70. The stock's 50 day moving average price is $9.89 and its 200 day moving average price is $11.84. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data 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 0.62% and a negative net margin of 1.56%. As a group, analysts predict that Tronox Holdings plc will post 0.76 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.19%. Tronox's dividend payout ratio (DPR) is -161.29%.

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.