Investors Research Corp Lowers Stock Position in Tronox Holdings plc (NYSE:TROX)

Investors Research Corp lowered its position in Tronox Holdings plc (NYSE:TROX) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the company’s stock after selling 2,300 shares during the period. Investors Research Corp’s holdings in Tronox were worth $141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tronox by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock valued at $399,000 after purchasing an additional 2,488 shares during the last quarter. KBC Group NV raised its holdings in shares of Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after purchasing an additional 2,590 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Tronox in the third quarter valued at about $66,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Tronox by 8.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company’s stock valued at $702,000 after purchasing an additional 5,309 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

Shares of NYSE:TROX opened at $7.34 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The firm has a market capitalization of $1.16 billion, a PE ratio of -23.68 and a beta of 1.64. Tronox Holdings plc has a twelve month low of $6.64 and a twelve month high of $20.70. The company has a 50-day moving average price of $9.17 and a two-hundred day moving average price of $11.32.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Equities analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.81%. Tronox’s dividend payout ratio is presently -161.29%.

Analysts Set New Price Targets

TROX has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a report on Wednesday, February 26th. Truist Financial decreased their price objective on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. UBS Group decreased their price objective on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley decreased their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Tronox has a consensus rating of “Moderate Buy” and an average target price of $15.36.

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.