Tronox Holdings PLC (NYSE:TROX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in Tronox Holdings PLC (NYSE:TROX - Free Report) by 21.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,071,261 shares of the company's stock after selling 558,883 shares during the period. Bank of New York Mellon Corp owned 1.31% of Tronox worth $14,582,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its position in Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares during the last quarter. Mariner LLC bought a new position in Tronox in the fourth quarter worth about $105,000. Cibc World Markets Corp bought a new position in shares of Tronox during the fourth quarter valued at approximately $112,000. GAMMA Investing LLC increased its stake in shares of Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock valued at $79,000 after purchasing an additional 10,295 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new position in shares of Tronox during the fourth quarter valued at approximately $117,000. Institutional investors own 73.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $5.00 to $7.00 in a report on Friday, May 30th. Truist Financial dropped their price target on shares of Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded shares of Tronox from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Mizuho reduced their price target on shares of Tronox from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Barclays reduced their target price on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $7.06.

Tronox Trading Down 0.9%

TROX stock traded down $0.05 during trading on Friday, reaching $5.51. 1,499,598 shares of the stock were exchanged, compared to its average volume of 1,842,903. The company has a current ratio of 2.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average price of $5.47 and a 200-day moving average price of $6.83. Tronox Holdings PLC has a 1 year low of $4.35 and a 1 year high of $16.57. The firm has a market capitalization of $873.11 million, a price-to-earnings ratio of -5.80 and a beta of 1.37.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). The firm had revenue of $738.00 million for the quarter, compared to analysts' expectations of $745.96 million. Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. Tronox's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. On average, research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Monday, May 19th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend was Monday, May 19th. Tronox's dividend payout ratio (DPR) is currently -52.63%.

Insider Buying and Selling at Tronox

In other news, SVP Jeffrey N. Neuman purchased 10,266 shares of the stock in a transaction on Wednesday, May 7th. The stock was bought at an average price of $4.89 per share, for a total transaction of $50,200.74. Following the acquisition, the senior vice president directly owned 10,266 shares of the company's stock, valued at approximately $50,200.74. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.70% of the company's stock.

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.