Tronox Holdings plc (NYSE:TROX) Stock Position Increased by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in Tronox Holdings plc (NYSE:TROX) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 76,718 shares of the company’s stock after purchasing an additional 17,153 shares during the quarter. Captrust Financial Advisors’ holdings in Tronox were worth $773,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position in Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after purchasing an additional 3,397 shares during the last quarter. KBC Group NV raised its position in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares in the last quarter. Mariner LLC bought a new stake in shares of Tronox during the 4th quarter worth about $105,000. Atria Investments Inc bought a new stake in shares of Tronox during the 4th quarter worth about $112,000. Finally, Cibc World Markets Corp bought a new stake in shares of Tronox during the 4th quarter worth about $112,000. 73.36% of the stock is currently owned by institutional investors.

Insider Transactions at Tronox

In other news, Director Stephen J. Jones bought 30,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey N. Neuman bought 10,266 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $4.89 per share, for a total transaction of $50,200.74. Following the completion of the transaction, the senior vice president now owns 10,266 shares of the company’s stock, valued at $50,200.74. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TROX shares. Truist Financial dropped their price target on shares of Tronox from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley dropped their price target on shares of Tronox from $12.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Mizuho dropped their price target on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. BMO Capital Markets restated a “market perform” rating and set a $7.00 price target (down from $13.00) on shares of Tronox in a research report on Wednesday, May 7th. Finally, UBS Group dropped their target price on shares of Tronox from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.64.

Tronox Stock Up 1.2%

NYSE TROX opened at $5.45 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The company’s 50 day simple moving average is $5.91 and its 200 day simple moving average is $8.68. Tronox Holdings plc has a 12 month low of $4.35 and a 12 month high of $20.70. The company has a market capitalization of $859.97 million, a P/E ratio of -17.56 and a beta of 1.40.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The business had revenue of $738.00 million during the quarter, compared to the consensus estimate of $745.96 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.18%. The ex-dividend date is Monday, May 19th. Tronox’s dividend payout ratio (DPR) is currently -52.63%.

About Tronox

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.