Empowered Funds LLC Acquires 35,342 Shares of Tronox Holdings plc (NYSE:TROX)

Empowered Funds LLC raised its holdings in Tronox Holdings plc (NYSE:TROX) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 692,787 shares of the company’s stock after buying an additional 35,342 shares during the quarter. Empowered Funds LLC’s holdings in Tronox were worth $10,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TROX. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tronox during the 2nd quarter valued at $76,000. Headlands Technologies LLC bought a new stake in Tronox in the second quarter valued at $83,000. SG Americas Securities LLC acquired a new position in shares of Tronox during the first quarter valued at about $124,000. nVerses Capital LLC bought a new position in shares of Tronox during the 2nd quarter worth about $121,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Tronox by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after buying an additional 861 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TROX. The Goldman Sachs Group dropped their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Barclays decreased their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. BMO Capital Markets decreased their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Finally, UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Stock Performance

Shares of TROX stock opened at $11.03 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm has a 50-day moving average of $12.97 and a 200-day moving average of $15.38. Tronox Holdings plc has a one year low of $10.69 and a one year high of $20.70. The company has a market cap of $1.74 billion, a P/E ratio of -22.98 and a beta of 1.66.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities research analysts forecast that Tronox Holdings plc will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a yield of 4.53%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

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.