Voya Investment Management LLC Buys 148,913 Shares of Tronox Holdings PLC $TROX

Key Points

• Voya Investment Management LLC has increased its stake in Tronox Holdings PLC by 46.9% during the first quarter, owning approximately 0.29% of the company, valued at $3.28 million.
• Insider transactions have occurred, including CEO John D. Romano acquiring 100,000 shares worth approximately $309,000, with overall insider purchases totaling 184,750 shares valued at $579,714 over the last quarter.
• Tronox recently reported a quarterly loss of ($0.28) earnings per share, missing analyst estimates, with a forecasted annual EPS of 0.49 for the current year.

Voya Investment Management LLC grew its stake in shares of Tronox Holdings PLC (NYSE:TROX - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,356 shares of the company's stock after acquiring an additional 148,913 shares during the period. Voya Investment Management LLC owned about 0.29% of Tronox worth $3,283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in Tronox by 763.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock valued at $65,000 after purchasing an additional 8,070 shares during the period. CWM LLC lifted its stake in Tronox by 1,186.7% during the first quarter. CWM LLC now owns 10,731 shares of the company's stock valued at $76,000 after purchasing an additional 9,897 shares during the last quarter. GAMMA Investing LLC lifted its stake in Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock valued at $79,000 after purchasing an additional 10,295 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Tronox during the first quarter valued at approximately $102,000. Finally, Investors Research Corp lifted its stake in Tronox by 16.4% during the first quarter. Investors Research Corp now owns 16,300 shares of the company's stock valued at $115,000 after purchasing an additional 2,300 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO John D. Romano purchased 100,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $3.09 per share, with a total value of $309,000.00. Following the acquisition, the chief executive officer directly owned 1,333,485 shares of the company's stock, valued at approximately $4,120,468.65. This trade represents a 8.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Johnston purchased 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $3.21 per share, with a total value of $64,200.00. Following the completion of the acquisition, the director directly owned 191,513 shares in the company, valued at $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. Insiders purchased a total of 184,750 shares of company stock worth $579,714 over the last ninety days. Corporate insiders own 1.70% of the company's stock.

Analyst Ratings Changes

TROX has been the subject of several research analyst reports. UBS Group downgraded shares of Tronox from a "buy" rating to a "neutral" rating and reduced their price target for the company from $8.00 to $3.60 in a research report on Monday, August 4th. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $5.00 to $7.00 in a research note on Friday, May 30th. Truist Financial upped their price objective on shares of Tronox from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Alembic Global Advisors reiterated an "overweight" rating and issued a $6.00 price objective on shares of Tronox in a research note on Monday, September 15th. Finally, Morgan Stanley dropped their price objective on shares of Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.12.

Tronox Stock Performance

Tronox stock traded down $0.09 during mid-day trading on Monday, reaching $4.77. The company had a trading volume of 1,914,212 shares, compared to its average volume of 3,080,601. The company has a 50 day moving average of $4.46 and a 200-day moving average of $5.31. The firm has a market cap of $755.37 million, a price-to-earnings ratio of -3.01 and a beta of 1.32. Tronox Holdings PLC has a 52 week low of $2.95 and a 52 week high of $15.07. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 4.83% and a negative net margin of 8.48%.Tronox's revenue was down 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. Tronox has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, August 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, August 11th. Tronox's dividend payout ratio (DPR) is currently -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.