Dimensional Fund Advisors LP Sells 1,099,073 Shares of Tronox Holdings PLC $TROX

Key Points

• Dimensional Fund Advisors cut its Tronox stake by 16.8%, selling 1.1 million shares during the first quarter but retaining 5.46 million shares worth approximately $53.3 million. Institutional investors collectively own 73.36% of the company.
• Tronox shares opened at $5.84, down 6.6%, while the company reported a quarterly loss of $0.55 per share—worse than the $0.48 consensus estimate—despite revenue rising 3% year over year to $760 million.
• The company declared a quarterly dividend of $0.05 per share, equivalent to a 3.4% annualized yield. Analysts’ average rating is “Reduce,” with an average price target of $6.79.

Dimensional Fund Advisors LP decreased its stake in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,457,105 shares of the company's stock after selling 1,099,073 shares during the period. Dimensional Fund Advisors LP owned about 3.44% of Tronox worth $53,310,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TROX. PNC Financial Services Group Inc. raised its position in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company's stock valued at $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Tronox during the 3rd quarter worth $37,000. Headlands Technologies LLC bought a new stake in shares of Tronox in the 2nd quarter worth $38,000. Aigen Investment Management LP bought a new stake in shares of Tronox in the 4th quarter worth $43,000. Finally, Ballentine Partners LLC bought a new stake in shares of Tronox in the 4th quarter worth $47,000. Institutional investors own 73.36% of the company's stock.

Tronox Trading Down 6.6%

Shares of Tronox stock opened at $5.84 on Friday. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $10.59. The firm has a market cap of $932.39 million, a PE ratio of -2.00 and a beta of 0.80. The stock has a fifty day moving average price of $6.86 and a 200-day moving average price of $7.53. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66.

Tronox (NYSE:TROX - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.07). The business had revenue of $760.00 million for the quarter, compared to the consensus estimate of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. Equities research analysts anticipate that Tronox Holdings PLC will post -1.27 EPS for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, August 10th. Tronox's dividend payout ratio (DPR) is -6.85%.

Analysts Set New Price Targets

TROX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $10.00 price target on shares of Tronox in a research report on Wednesday, May 20th. UBS Group upped their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, April 9th. Weiss Ratings lowered shares of Tronox from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 11th. The Goldman Sachs Group dropped their target price on shares of Tronox from $9.00 to $6.50 and set a "sell" rating on the stock in a research report on Wednesday, July 22nd. Finally, Truist Financial raised shares of Tronox from a "sell" rating to a "hold" rating and set a $7.00 target price on the stock in a research report on Thursday, June 11th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $6.79.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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