UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 46,230 Shares of Tronox Holdings plc (NYSE:TROX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Tronox Holdings plc (NYSE:TROX - Free Report) by 16.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,111 shares of the company's stock after buying an additional 46,230 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Tronox worth $3,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Stifel Financial Corp raised its position in Tronox by 1.9% during the fourth quarter. Stifel Financial Corp now owns 101,264 shares of the company's stock valued at $1,020,000 after purchasing an additional 1,891 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Tronox by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company's stock valued at $680,000 after purchasing an additional 2,201 shares during the last quarter. KBC Group NV raised its holdings in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock valued at $70,000 after buying an additional 2,590 shares in the last quarter. 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. Finally, Ameriprise Financial Inc. lifted its position in Tronox by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,092,222 shares of the company's stock worth $10,999,000 after buying an additional 6,841 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on TROX. The Goldman Sachs Group decreased their price target on shares of Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Mizuho decreased their target price on shares of Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Truist Financial cut their price target on shares of Tronox from $14.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Barclays decreased their price objective on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th. Finally, Morgan Stanley dropped their price objective on Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $8.13.

Insider Activity

In other news, SVP Jeffrey N. Neuman acquired 10,266 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president now owns 10,266 shares of the company's stock, valued at $50,200.74. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen J. Jones acquired 30,000 shares of Tronox stock in a transaction on Tuesday, March 18th. The shares were 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. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company's stock.

Tronox Stock Up 2.2%

Tronox stock traded up $0.13 during trading hours on Monday, hitting $6.00. 2,290,709 shares of the stock traded hands, compared to its average volume of 1,712,923. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.29. The firm's 50-day moving average price is $5.34 and its two-hundred day moving average price is $7.96. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The company has a market cap of $950.77 million, a PE ratio of -19.35 and a beta of 1.42.

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

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Monday, May 19th. Tronox's dividend payout ratio is -52.63%.

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.