Equitable Trust Co. Has $471,000 Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Equitable Trust Co. raised its stake in shares of Tronox Holdings plc (NYSE:TROX) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,790 shares of the company’s stock after purchasing an additional 11,275 shares during the quarter. Equitable Trust Co.’s holdings in Tronox were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of TROX. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the 3rd quarter worth about $66,000. KBC Group NV increased its holdings in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after buying an additional 1,683 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Tronox in the 3rd quarter worth approximately $190,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

Shares of TROX stock opened at $9.90 on Wednesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -20.62 and a beta of 1.60. Tronox Holdings plc has a 12 month low of $8.73 and a 12 month high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $10.22 and a 200 day moving average price of $12.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TROX shares. BMO Capital Markets dropped their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Truist Financial started coverage on shares of Tronox in a research report on Tuesday, January 28th. They set a “buy” rating and a $17.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Barclays dropped their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.57.

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.