Royce & Associates LP purchased a new position in Tronox Ltd (NYSE:TROX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,000 shares of the company’s stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TROX. Vanguard Group Inc raised its position in shares of Tronox by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 8,318,340 shares of the company’s stock valued at $99,404,000 after purchasing an additional 27,035 shares in the last quarter. BlackRock Inc. raised its position in shares of Tronox by 0.7% in the 4th quarter. BlackRock Inc. now owns 6,346,202 shares of the company’s stock valued at $49,375,000 after purchasing an additional 42,684 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Tronox by 132.6% in the 4th quarter. Congress Asset Management Co. MA now owns 529,790 shares of the company’s stock valued at $4,122,000 after purchasing an additional 302,010 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Tronox during the 3rd quarter valued at approximately $3,727,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Tronox during the 4th quarter valued at approximately $2,372,000. Hedge funds and other institutional investors own 68.46% of the company’s stock.

In related news, Director Ginger M. Jones bought 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $11.45 per share, with a total value of $229,000.00. Following the completion of the transaction, the director now directly owns 41,303 shares of the company’s stock, valued at $472,919.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

TROX stock opened at $11.87 on Friday. The company has a current ratio of 8.48, a quick ratio of 6.88 and a debt-to-equity ratio of 3.64. The company has a market cap of $1.46 billion, a P/E ratio of 21.20 and a beta of 3.00. Tronox Ltd has a 12-month low of $6.46 and a 12-month high of $21.04.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $429.00 million for the quarter, compared to analyst estimates of $423.07 million. Tronox had a negative net margin of 0.38% and a positive return on equity of 7.52%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Sell-side analysts expect that Tronox Ltd will post 0.84 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 8th. Tronox’s dividend payout ratio is presently 32.14%.

TROX has been the topic of several research reports. UBS Group set a $10.00 price target on Tronox and gave the company a “sell” rating in a research report on Thursday, December 6th. Barclays reissued a “buy” rating and set a $15.00 price target on shares of Tronox in a research report on Wednesday. Alembic Global Advisors reissued a “buy” rating on shares of Tronox in a research report on Monday, December 17th. Finally, Zacks Investment Research raised Tronox from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Tronox currently has an average rating of “Hold” and a consensus price target of $19.75.

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Tronox Profile

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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