Tronox Holdings plc (NYSE:TROX) Position Increased by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC raised its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 121.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 951,277 shares of the company's stock after purchasing an additional 522,412 shares during the period. Aristotle Capital Boston LLC owned about 0.60% of Tronox worth $9,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of TROX. Vanguard Group Inc. grew its position in shares of Tronox by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock valued at $127,390,000 after buying an additional 193,895 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock valued at $69,869,000 after acquiring an additional 2,616,804 shares during the period. Capital International Investors grew its holdings in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock valued at $61,034,000 after purchasing an additional 781,223 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Tronox by 5.2% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company's stock worth $28,187,000 after purchasing an additional 139,401 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Tronox by 26.5% in the 4th quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after purchasing an additional 551,645 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TROX has been the subject of a number of recent research reports. Truist Financial lowered their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, April 14th. StockNews.com downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research report on Monday. Morgan Stanley decreased their target price on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday. Mizuho cut their price target on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, UBS Group decreased their price objective on Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.07.

Tronox Price Performance

TROX traded down $0.04 during trading on Tuesday, reaching $5.33. The stock had a trading volume of 2,117,024 shares, compared to its average volume of 1,454,644. The stock has a 50 day moving average of $6.21 and a two-hundred day moving average of $9.07. The firm has a market capitalization of $842.28 million, a price-to-earnings ratio of -17.20 and a beta of 1.40. Tronox Holdings plc has a 1-year low of $4.35 and a 1-year high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.17). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The business had revenue of $738.00 million during the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the firm posted ($0.05) EPS. The company's quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.38%. Tronox's dividend payout ratio (DPR) is -52.63%.

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.