Tronox Holdings plc (NYSE:TROX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,197,780 shares of the company's stock after selling 211,169 shares during the quarter. Dimensional Fund Advisors LP owned about 5.82% of Tronox worth $92,620,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TROX. Sterling Capital Management LLC raised its position in Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock valued at $38,000 after purchasing an additional 3,397 shares during the period. KBC Group NV raised its holdings in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares during the period. Mariner LLC bought a new stake in Tronox in the fourth quarter worth $105,000. Atria Investments Inc purchased a new position in Tronox during the fourth quarter worth $112,000. Finally, Cibc World Markets Corp purchased a new position in Tronox during the fourth quarter worth $112,000. Institutional investors own 73.36% of the company's stock.

Tronox Stock Up 4.7 %

NYSE TROX traded up $0.26 during trading on Friday, reaching $5.75. 4,074,137 shares of the company's stock traded hands, compared to its average volume of 1,448,775. The company's 50 day simple moving average is $6.31 and its two-hundred day simple moving average is $9.16. Tronox Holdings plc has a 12-month low of $4.35 and a 12-month high of $20.70. The firm has a market cap of $908.14 million, a price-to-earnings ratio of -18.55 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

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

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 8.70%. Tronox's dividend payout ratio (DPR) is presently -52.63%.

Analyst Ratings Changes

Several research firms have recently issued reports on TROX. Mizuho lowered their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. UBS Group decreased their price objective on shares of Tronox from $11.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday. Truist Financial cut their target price on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group decreased their price target on Tronox from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and an average target price of $12.21.

Insiders Place Their Bets

In other news, Director Stephen J. Jones purchased 30,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now owns 30,000 shares of the company's stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

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.