Northern Trust Corp Purchases 54,331 Shares of Tronox Holdings plc (NYSE:TROX)

Northern Trust Corp raised its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,155,105 shares of the company's stock after acquiring an additional 54,331 shares during the period. Northern Trust Corp owned approximately 0.73% of Tronox worth $11,632,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Tronox by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company's stock worth $127,390,000 after acquiring an additional 193,895 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock worth $69,869,000 after acquiring an additional 2,616,804 shares during the period. Capital International Investors boosted its holdings in shares of Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock worth $61,034,000 after acquiring an additional 781,223 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Tronox by 5.2% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company's stock worth $28,187,000 after acquiring an additional 139,401 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after acquiring an additional 551,645 shares during the period. Institutional investors own 73.36% of the company's stock.

Tronox Price Performance

Shares of NYSE TROX traded up $0.07 during midday trading on Thursday, reaching $4.97. 3,881,356 shares of the company were exchanged, compared to its average volume of 1,598,730. The stock's 50-day moving average price is $5.76 and its 200-day moving average price is $8.49. The stock has a market cap of $784.95 million, a P/E ratio of -16.03 and a beta of 1.40. Tronox Holdings plc has a one year low of $4.35 and a one year high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $738.00 million for the quarter, compared to the consensus estimate of $745.96 million. During the same period in the previous year, the firm posted ($0.05) EPS. The business's quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Monday, May 19th will be paid a $0.125 dividend. The ex-dividend date is Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 10.06%. Tronox's dividend payout ratio is -52.63%.

Insider Buying and Selling

In other news, SVP Jeffrey N. Neuman purchased 10,266 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were acquired at an average price of $4.89 per share, with a total value of $50,200.74. Following the completion of the transaction, the senior vice president now owns 10,266 shares of the company's stock, valued at $50,200.74. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen J. Jones acquired 30,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were bought at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the acquisition, the director now directly owns 30,000 shares of the company's stock, valued at approximately $215,100. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TROX shares. Mizuho reduced their price objective on Tronox from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Morgan Stanley dropped their price target on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group dropped their price target on shares of Tronox from $11.50 to $7.50 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Truist Financial dropped 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. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $7.00 price target (down from $13.00) on shares of Tronox in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.64.

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.