Dimensional Fund Advisors LP Has $92.62 Million Position in Tronox Holdings plc (NYSE:TROX)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in Tronox by 320.1% in the third quarter. Barclays PLC now owns 182,629 shares of the company's stock valued at $2,672,000 after acquiring an additional 139,161 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Tronox by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company's stock valued at $12,307,000 after purchasing an additional 46,721 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Tronox by 8.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock worth $702,000 after purchasing an additional 5,309 shares during the period. SG Americas Securities LLC increased its position in Tronox by 123.9% during the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company's stock worth $405,000 after buying an additional 22,242 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Tronox in the fourth quarter valued at approximately $403,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Tronox Price Performance

Shares of NYSE TROX traded up $0.26 during mid-day trading on Friday, reaching $5.75. The company had a trading volume of 4,074,137 shares, compared to its average volume of 1,456,764. The firm has a market cap of $908.14 million, a price-to-earnings ratio of -18.55 and a beta of 1.53. The business's 50-day simple moving average is $6.35 and its 200 day simple moving average is $9.30. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

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

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 3rd were paid a $0.125 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 8.70%. Tronox's payout ratio is -161.29%.

Insider Transactions at Tronox

In other Tronox news, Director Stephen J. Jones bought 30,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the purchase, the director now owns 30,000 shares in the company, valued at $215,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

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.