Capital World Investors Purchases Shares of 1,103,842 Tronox Holdings plc (NYSE:TROX)

Capital World Investors purchased a new stake in shares of Tronox Holdings plc (NYSE:TROX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,103,842 shares of the company’s stock, valued at approximately $19,152,000. Capital World Investors owned about 0.70% of Tronox at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Tronox by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock worth $167,677,000 after acquiring an additional 41,481 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Tronox by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock worth $130,960,000 after purchasing an additional 597,663 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Tronox by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock worth $87,583,000 after purchasing an additional 876,192 shares in the last quarter. Capital International Investors boosted its stake in shares of Tronox by 2.7% during the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after acquiring an additional 126,926 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tronox by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock worth $27,627,000 after acquiring an additional 127,718 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TROX. BMO Capital Markets upped their price objective on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Mizuho initiated coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price target for the company. StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Barclays upped their price objective on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, UBS Group reduced their price target on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.50.

Tronox Price Performance

NYSE TROX opened at $16.24 on Friday. Tronox Holdings plc has a fifty-two week low of $10.08 and a fifty-two week high of $20.70. The stock’s 50-day moving average is $17.77 and its two-hundred day moving average is $16.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $774.00 million during the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 earnings per share. Equities research analysts anticipate that Tronox Holdings plc will post 0.62 EPS for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, May 20th were paid a $0.125 dividend. The ex-dividend date was Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.08%. Tronox’s payout ratio is presently -22.42%.

Tronox Company 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.