Boston Partners Has $17.66 Million Holdings in Tronox Holdings plc (NYSE:TROX)

Boston Partners boosted its position in shares of Tronox Holdings plc (NYSE:TROX) by 160.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,018,025 shares of the company’s stock after acquiring an additional 626,744 shares during the period. Boston Partners’ holdings in Tronox were worth $17,664,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new stake in Tronox in the fourth quarter valued at about $27,000. TFO Wealth Partners LLC grew its stake in Tronox by 260,833.3% during the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after buying an additional 7,825 shares during the last quarter. SG Americas Securities LLC bought a new stake in Tronox during the first quarter worth about $124,000. Allspring Global Investments Holdings LLC grew its stake in Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after buying an additional 861 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in Tronox during the fourth quarter worth about $210,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Tronox from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Barclays increased their price objective on shares of Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. UBS Group decreased their target price on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Mizuho began coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 target price for the company. Finally, BMO Capital Markets lifted their price objective on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Tronox presently has an average rating of “Hold” and an average price target of $18.86.

Tronox Stock Down 14.9 %

Shares of Tronox stock traded down $2.33 during trading on Friday, reaching $13.31. 3,585,188 shares of the company traded hands, compared to its average volume of 1,058,147. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $20.70. The company has a 50 day moving average price of $17.42 and a 200-day moving average price of $16.57. The firm has a market capitalization of $2.10 billion, a PE ratio of -5.97, a P/E/G ratio of 20.55 and a beta of 1.70.

Tronox (NYSE:TROX) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.16). Tronox had a negative return on equity of 3.38% and a negative net margin of 2.14%. The business had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Tronox Holdings plc will post 0.62 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, May 20th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend was Friday, May 17th. Tronox’s dividend payout ratio (DPR) is presently -22.42%.

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.