Boston Partners lowered its position in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 391,281 shares of the company's stock after selling 353,315 shares during the quarter. Boston Partners owned approximately 0.25% of Tronox worth $5,539,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Tronox by 42.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company's stock worth $16,266,000 after purchasing an additional 361,727 shares during the last quarter. Deutsche Bank AG increased its position in Tronox by 2.5% in the 3rd quarter. Deutsche Bank AG now owns 132,869 shares of the company's stock valued at $1,786,000 after acquiring an additional 3,238 shares in the last quarter. American Century Companies Inc. increased its position in Tronox by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 1,851,361 shares of the company's stock valued at $24,882,000 after acquiring an additional 169,544 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its position in shares of Tronox by 85.8% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 743,385 shares of the company's stock worth $9,991,000 after purchasing an additional 343,240 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Tronox by 371.6% during the third quarter. First Eagle Investment Management LLC now owns 551,920 shares of the company's stock worth $7,418,000 after purchasing an additional 434,900 shares in the last quarter. 73.36% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Tronox from $19.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday, May 3rd. StockNews.com raised Tronox from a "sell" rating to a "hold" rating in a research note on Monday. The Goldman Sachs Group lifted their price objective on Tronox from $17.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, May 6th. Finally, Barclays upped their target price on shares of Tronox from $17.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tronox has an average rating of "Hold" and a consensus price target of $17.43.
Check Out Our Latest Research Report on Tronox
Tronox Trading Up 1.6 %
TROX traded up $0.31 during midday trading on Friday, reaching $19.39. 713,541 shares of the company were exchanged, compared to its average volume of 1,147,362. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. The stock has a market capitalization of $3.06 billion, a P/E ratio of -8.70, a PEG ratio of 22.24 and a beta of 1.91. The stock's 50-day simple moving average is $17.41 and its 200 day simple moving average is $14.76. Tronox Holdings plc has a one year low of $10.08 and a one year high of $19.75.
Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The firm had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. During the same period in the previous year, the business earned $0.15 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, analysts forecast that Tronox Holdings plc will post 0.71 earnings per share for the current fiscal year.
Tronox Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, May 17th. Tronox's dividend payout ratio is currently -22.42%.
Tronox Company Profile
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Free Report)
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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