Vanguard Group Inc. Boosts Holdings in Tronox Holdings plc (NYSE:TROX)

Vanguard Group Inc. raised its position in Tronox Holdings plc (NYSE:TROX - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,650,443 shares of the company's stock after purchasing an additional 193,895 shares during the quarter. Vanguard Group Inc. owned 8.01% of Tronox worth $127,390,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TROX. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox in the third quarter valued at $66,000. KBC Group NV boosted its holdings in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after acquiring an additional 2,590 shares during the period. Cibc World Markets Corp acquired a new position in Tronox in the 4th quarter valued at about $112,000. Atria Investments Inc purchased a new stake in Tronox during the fourth quarter worth about $112,000. Finally, AXQ Capital LP acquired a new stake in shares of Tronox during the fourth quarter worth about $160,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Insider Buying and Selling at Tronox

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of Tronox stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company's stock, valued at approximately $215,100. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Tronox Stock Up 4.1 %

Tronox stock traded up $0.21 during mid-day trading on Friday, hitting $5.24. The company had a trading volume of 2,489,733 shares, compared to its average volume of 1,345,927. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 1 year low of $4.35 and a 1 year high of $20.70. The business has a fifty day moving average of $7.32 and a 200 day moving average of $10.09. The stock has a market cap of $826.81 million, a price-to-earnings ratio of -16.89 and a beta of 1.53.

Tronox (NYSE:TROX - Get Free Report) last announced 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%. On average, sell-side analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.55%. The ex-dividend date was Monday, March 3rd. 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.