Royal Bank of Canada Buys 1,060,713 Shares of Tronox Holdings PLC $TROX

Key Points

• Royal Bank of Canada increased its Tronox stake by 21,419.9%, buying 1,060,713 additional shares to own 1,065,665 shares, or 0.67% of the company valued at about $10.4 million. Institutional investors collectively hold 73.36% of Tronox.
• Analyst sentiment remains cautious: Tronox has a consensus rating of “Reduce” and an average price target of $7.25, with recent target cuts and several sell ratings.
• Tronox reported a quarterly loss of $0.51 per share, missing estimates, despite revenue rising 18.7% year over year to $868 million. Shares opened at $6.54, while the company declared a quarterly dividend of $0.05 per share, yielding about 3.1%.

Royal Bank of Canada grew its stake in Tronox Holdings PLC (NYSE:TROX - Free Report) by 21,419.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,065,665 shares of the company's stock after buying an additional 1,060,713 shares during the quarter. Royal Bank of Canada owned 0.67% of Tronox worth $10,412,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted 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 acquiring an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Tronox in the 3rd quarter worth $37,000. Headlands Technologies LLC bought a new position in Tronox during the 2nd quarter worth about $38,000. Aigen Investment Management LP bought a new position in Tronox during the 4th quarter worth about $43,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Tronox in the 4th quarter valued at about $47,000. Institutional investors own 73.36% of the company's stock.

Analysts Set New Price Targets

TROX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a report on Wednesday, May 20th. Truist Financial upgraded Tronox from a "sell" rating to a "hold" rating and set a $7.00 price objective for the company in a report on Thursday, June 11th. The Goldman Sachs Group dropped their target price on Tronox from $9.00 to $6.50 and set a "sell" rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings cut Tronox from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded Tronox from a "hold" rating to a "sell" rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Tronox currently has a consensus rating of "Reduce" and a consensus price target of $7.25.

Tronox Trading Down 5.9%

Tronox stock opened at $6.54 on Friday. The firm has a 50-day moving average of $6.69 and a 200-day moving average of $7.55. Tronox Holdings PLC has a one year low of $2.86 and a one year high of $10.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The company has a market cap of $1.04 billion, a price-to-earnings ratio of -1.89 and a beta of 0.82.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.13). The company had revenue of $868.00 million during the quarter, compared to the consensus estimate of $832.59 million. Tronox had a negative net margin of 17.96% and a negative return on equity of 23.24%. Tronox's revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.28) EPS. On average, equities analysts expect that Tronox Holdings PLC will post -1.27 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Monday, August 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, August 10th. Tronox's dividend payout ratio (DPR) is currently -5.78%.

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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