Van Lanschot Kempen Investment Management N.V. Purchases 69,726 Shares of Tronox Holdings PLC $TROX

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its holdings in Tronox Holdings PLC (NYSE:TROX - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,868,837 shares of the company's stock after buying an additional 69,726 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 1.82% of Tronox worth $20,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position 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 worth $19,941,000 after buying an additional 375,643 shares in the last quarter. Nuveen LLC bought a new position in Tronox in the first quarter valued at $17,268,000. American Century Companies Inc. increased its stake in Tronox by 10.3% in the first quarter. American Century Companies Inc. now owns 1,909,098 shares of the company's stock valued at $13,440,000 after acquiring an additional 177,787 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Tronox by 11.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,898,216 shares of the company's stock valued at $19,115,000 after acquiring an additional 189,301 shares during the last quarter. Finally, Lightrock Netherlands B.V. increased its stake in Tronox by 82.7% in the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company's stock valued at $11,689,000 after acquiring an additional 750,145 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Trading Up 13.8%

TROX stock traded up $0.5050 during trading on Friday, hitting $4.1750. 4,175,444 shares of the company traded hands, compared to its average volume of 6,509,643. The firm has a market capitalization of $661.82 million, a PE ratio of -2.64 and a beta of 1.35. Tronox Holdings PLC has a 1 year low of $2.95 and a 1 year high of $15.07. The company has a 50-day moving average of $4.84 and a 200-day moving average of $5.87. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10.

Tronox (NYSE:TROX - Get Free Report) last issued 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 company had revenue of $731.00 million for the quarter, compared to analysts' expectations of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The company's revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. Tronox has set its FY 2025 guidance at EPS. Analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 3rd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a dividend yield of 629.0%. Tronox's payout ratio is -12.66%.

Wall Street Analysts Forecast Growth

TROX has been the topic of a number of research analyst reports. Wall Street Zen cut Tronox from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Barclays reduced their target price on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 28th. Mizuho reduced their target price on Tronox from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Truist Financial set a $5.00 price objective on Tronox in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $5.00 to $7.00 in a research note on Friday, May 30th. Five research analysts have rated the stock with a Buy rating, three have assigned 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 target price of $5.01.

Insider Activity

In related news, Director Jean Francois Turgeon bought 31,150 shares of the business's stock in a transaction dated Thursday, August 7th. The shares were purchased at an average price of $3.21 per share, with a total value of $99,991.50. Following the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Jones purchased 8,000 shares of Tronox stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $3.19 per share, for a total transaction of $25,520.00. Following the transaction, the director directly owned 51,000 shares of the company's stock, valued at $162,690. This trade represents a 18.60% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 184,750 shares of company stock valued at $579,714. 1.70% of the stock is owned by insiders.

Tronox Company 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.