Nuveen Asset Management LLC Buys 189,301 Shares of Tronox Holdings plc (NYSE:TROX)

Nuveen Asset Management LLC boosted its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,898,216 shares of the company's stock after acquiring an additional 189,301 shares during the quarter. Nuveen Asset Management LLC owned 1.20% of Tronox worth $19,115,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Tronox by 320.1% during the 3rd quarter. Barclays PLC now owns 182,629 shares of the company's stock worth $2,672,000 after purchasing an additional 139,161 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Tronox by 123.9% during the 4th quarter. SG Americas Securities LLC now owns 40,195 shares of the company's stock worth $405,000 after purchasing an additional 22,242 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Tronox during the 4th quarter worth about $403,000. KBC Group NV raised its stake in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Tronox by 5.1% during the 4th quarter. Empowered Funds LLC now owns 728,282 shares of the company's stock worth $7,334,000 after purchasing an additional 35,495 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TROX. BMO Capital Markets reaffirmed a "market perform" rating and set a $7.00 price target (down from $13.00) on shares of Tronox in a research note on Wednesday, May 7th. Morgan Stanley cut their price objective on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Barclays cut their price objective on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday. Mizuho reduced their price objective on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Truist Financial lowered their price objective on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Tronox has a consensus rating of "Hold" and an average target price of $8.50.

Tronox Price Performance

Tronox stock traded up $0.10 on Thursday, reaching $4.92. The company's stock had a trading volume of 901,605 shares, compared to its average volume of 2,427,601. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The company has a market cap of $778.84 million, a price-to-earnings ratio of -15.85 and a beta of 1.40. The business's fifty day moving average price is $5.56 and its 200 day moving average price is $8.28. Tronox Holdings plc has a twelve month low of $4.35 and a twelve month high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted 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 analyst estimates of $745.96 million. Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Tronox's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) EPS. Equities analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 10.17%. Tronox's payout ratio is currently -52.63%.

Insider Transactions at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, for a total transaction 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeffrey N. Neuman acquired 10,266 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $4.89 per share, with a total value of $50,200.74. Following the acquisition, the senior vice president now directly owns 10,266 shares of the company's stock, valued at $50,200.74. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by corporate insiders.

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.