Tronox Holdings PLC $TROX Stock Position Raised by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Tronox by 15.3%, owning approximately 1.79% of the company, valued at around $19.94 million.
• Tronox's recent earnings report revealed a significant loss per share of ($0.28), which fell short of expectations, and a year-over-year revenue decline of 10.9%.
• The company has faced multiple downgrades from analysts, with some lowering price targets significantly, affecting its consensus rating identified as "Hold."

Charles Schwab Investment Management Inc. boosted its holdings in Tronox Holdings PLC (NYSE:TROX - Free Report) by 15.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,832,510 shares of the company's stock after acquiring an additional 375,643 shares during the period. Charles Schwab Investment Management Inc. owned about 1.79% of Tronox worth $19,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Tronox by 16.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,805 shares of the company's stock valued at $794,000 after purchasing an additional 10,874 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Tronox during the 4th quarter valued at approximately $701,000. Sterling Capital Management LLC grew its stake in Tronox by 832.6% during 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. Barclays PLC increased its position in Tronox by 11.5% in the fourth quarter. Barclays PLC now owns 203,683 shares of the company's stock worth $2,051,000 after buying an additional 21,054 shares during the period. Finally, Mariner LLC bought a new stake in Tronox in the fourth quarter valued at $105,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TROX has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 6th. Truist Financial set a $5.00 target price on shares of Tronox in a research note on Monday, August 4th. UBS Group cut shares of Tronox from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $8.00 to $3.60 in a research report on Monday, August 4th. BMO Capital Markets cut Tronox from a "market perform" rating to an "underperform" rating and cut their price target for the company from $7.00 to $3.00 in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $5.00 to $7.00 in a report on Friday, May 30th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Tronox has a consensus rating of "Hold" and a consensus price target of $5.01.

Insider Buying and Selling at Tronox

In other Tronox news, CEO John D. Romano acquired 100,000 shares of Tronox stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $3.09 per share, for a total transaction of $309,000.00. Following the transaction, the chief executive officer owned 1,333,485 shares in the company, valued at approximately $4,120,468.65. This trade represents a 8.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Johnston acquired 20,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $3.21 per share, for a total transaction of $64,200.00. Following the purchase, the director directly owned 191,513 shares in the company, valued at approximately $614,756.73. The trade was a 11.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 184,750 shares of company stock valued at $579,714. Corporate insiders own 1.70% of the company's stock.

Tronox Stock Down 3.0%

TROX stock opened at $3.6650 on Friday. The firm's 50-day moving average is $4.87 and its two-hundred day moving average is $5.92. The company has a market capitalization of $580.98 million, a price-to-earnings ratio of -2.32 and a beta of 1.35. Tronox Holdings PLC has a 52 week low of $2.95 and a 52 week high of $15.07. 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) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.24). The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.Tronox's revenue for the quarter 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, analysts forecast that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 3rd. Stockholders of record on Tuesday, August 12th will be issued a $0.05 dividend. The ex-dividend date is Monday, August 11th. This represents a dividend yield of 629.0%. Tronox's dividend payout ratio 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.

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