FDx Advisors Inc. lessened its stake in shares of Tronox Holdings plc (NYSE:TROX – Free Report) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,997 shares of the company’s stock after selling 1,318 shares during the quarter. FDx Advisors Inc.’s holdings in Tronox were worth $178,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Credit Suisse AG lifted its position in shares of Tronox by 2.0% during the 1st quarter. Credit Suisse AG now owns 136,222 shares of the company’s stock worth $1,959,000 after buying an additional 2,667 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Tronox by 29.0% during the 4th quarter. American Century Companies Inc. now owns 1,267,283 shares of the company’s stock worth $17,374,000 after buying an additional 285,263 shares during the last quarter. Knights of Columbus Asset Advisors LLC lifted its position in shares of Tronox by 0.6% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 192,092 shares of the company’s stock worth $2,762,000 after buying an additional 1,075 shares during the last quarter. Acrisure Capital Management LLC purchased a new stake in shares of Tronox during the 4th quarter worth approximately $206,000. Finally, Private Capital Management LLC lifted its position in shares of Tronox by 3.4% during the 4th quarter. Private Capital Management LLC now owns 1,345,177 shares of the company’s stock worth $18,442,000 after buying an additional 44,640 shares during the last quarter. Hedge funds and other institutional investors own 70.22% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Tronox from $15.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, July 28th. Credit Suisse Group raised shares of Tronox from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $13.00 in a report on Tuesday, August 8th. UBS Group cut shares of Tronox from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $15.00 in a report on Thursday, September 7th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $16.00 target price on shares of Tronox in a report on Tuesday, August 1st. Finally, StockNews.com started coverage on shares of Tronox in a report on Sunday, August 20th. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.33.
Insider Buying and Selling at Tronox
In other Tronox news, Director Vanessa Ann Guthrie sold 2,395 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $13.66, for a total transaction of $32,715.70. Following the sale, the director now directly owns 41,324 shares in the company, valued at approximately $564,485.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.
Tronox Stock Performance
Shares of TROX opened at $12.78 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 2.22. The stock has a market capitalization of $2.00 billion, a P/E ratio of -14.36, a P/E/G ratio of 4.59 and a beta of 1.91. The company’s fifty day moving average is $13.24 and its two-hundred day moving average is $13.03. Tronox Holdings plc has a 1 year low of $10.58 and a 1 year high of $17.61.
Tronox (NYSE:TROX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.11). The firm had revenue of $794.00 million during the quarter, compared to analyst estimates of $821.82 million. Tronox had a negative net margin of 4.60% and a positive return on equity of 5.60%. The business’s quarterly revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 earnings per share. On average, sell-side analysts predict that Tronox Holdings plc will post 0.46 earnings per share for the current year.
Tronox Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 14th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.50 annualized dividend and a yield of 3.91%. Tronox’s dividend payout ratio is currently -56.18%.
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.
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