Boston Partners Decreases Stake in Tronox Holdings plc (NYSE:TROX)

Boston Partners lessened its stake in shares of Tronox Holdings plc (NYSE:TROX) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,856 shares of the company’s stock after selling 26,152 shares during the period. Boston Partners’ holdings in Tronox were worth $1,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the third quarter worth about $66,000. KBC Group NV raised its position in 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of 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 acquiring an additional 1,683 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Tronox in the fourth quarter worth $112,000. Finally, Cibc World Markets Corp purchased a new position in shares of Tronox during the fourth quarter worth $112,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Trading Down 2.2 %

Shares of NYSE:TROX opened at $7.25 on Friday. The business’s 50 day moving average price is $8.69 and its 200-day moving average price is $10.87. Tronox Holdings plc has a 1 year low of $6.64 and a 1 year high of $20.70. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -23.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

Tronox (NYSE:TROX) last posted its quarterly earnings data 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 net margin of 1.56% and a negative return on equity of 0.63%. On average, equities research analysts forecast that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date is Monday, March 3rd. Tronox’s dividend payout ratio is presently -161.29%.

Insider Activity

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.