Tronox Holdings PLC $TROX Holdings Raised by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Tronox Holdings PLC by 10.3%, owning approximately 1,909,098 shares valued at $13.44 million after acquiring 177,787 additional shares.
• Several other institutional investors have also made significant moves, including Nuveen LLC and Lightrock Netherlands B.V., contributing to a total of 73.36% of Tronox's stock being owned by institutions.
• Tronox reported a miss in earnings with an EPS of ($0.28) against expectations of ($0.04) and a significant revenue decline, prompting various stock ratings changes from brokerages.

American Century Companies Inc. increased its holdings in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) by 10.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,909,098 shares of the company's stock after purchasing an additional 177,787 shares during the period. American Century Companies Inc. owned 1.21% of Tronox worth $13,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in shares of Tronox during the 1st quarter valued at about $17,268,000. Lightrock Netherlands B.V. raised its stake in shares of Tronox by 82.7% during the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company's stock valued at $11,689,000 after purchasing an additional 750,145 shares during the period. Aristotle Capital Boston LLC lifted its position in shares of Tronox by 121.8% during the fourth quarter. Aristotle Capital Boston LLC now owns 951,277 shares of the company's stock worth $9,579,000 after purchasing an additional 522,412 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Tronox during the first quarter worth $3,620,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Tronox by 15.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company's stock valued at $19,941,000 after purchasing an additional 375,643 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on TROX. Alembic Global Advisors reaffirmed an "overweight" rating and set a $5.00 price target on shares of Tronox in a research note on Monday, August 11th. JPMorgan Chase & Co. upgraded Tronox from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. Wall Street Zen downgraded Tronox from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Truist Financial set a $5.00 price target on shares of Tronox in a research report on Monday, August 4th. Finally, Morgan Stanley cut their price target on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.01.

Insider Transactions at Tronox

In other Tronox news, Director Jean Francois Turgeon acquired 31,150 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $3.21 per share, with a total value of $99,991.50. Following the purchase, the director directly owned 772,572 shares of the company's stock, valued at approximately $2,479,956.12. This trade represents a 4.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John D. Romano bought 100,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $3.09 per share, for a total transaction of $309,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,333,485 shares in the company, valued at approximately $4,120,468.65. This represents a 8.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 184,750 shares of company stock valued at $579,714 in the last quarter. 1.70% of the stock is owned by company insiders.

Tronox Stock Performance

NYSE:TROX traded up $0.17 during mid-day trading on Friday, hitting $4.32. The stock had a trading volume of 3,492,247 shares, compared to its average volume of 3,029,531. Tronox Holdings PLC has a 52 week low of $2.95 and a 52 week high of $15.07. The stock has a market capitalization of $684.04 million, a price-to-earnings ratio of -2.73 and a beta of 1.35. The company has a 50 day simple moving average of $4.73 and a 200-day simple moving average of $5.71. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64.

Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.24). The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The firm's revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS. Tronox has set its FY 2025 guidance at EPS. On average, research analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, August 11th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th. This represents a $0.20 annualized dividend and a dividend yield of 4.6%. Tronox's dividend payout ratio (DPR) is -12.66%.

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.