Fmr LLC Boosts Holdings in Tronox Holdings plc (NYSE:TROX)

Fmr LLC grew its position in Tronox Holdings plc (NYSE:TROX) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,805,227 shares of the company’s stock after purchasing an additional 1,073,674 shares during the quarter. Fmr LLC owned about 0.15% of Tronox worth $348,270,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TROX. Price T Rowe Associates Inc. MD boosted its position in shares of Tronox by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after purchasing an additional 4,204 shares in the last quarter. Boston Partners boosted its holdings in Tronox by 160.2% in the first quarter. Boston Partners now owns 1,018,025 shares of the company’s stock worth $17,664,000 after acquiring an additional 626,744 shares in the last quarter. BDF Gestion acquired a new position in shares of Tronox during the second quarter valued at about $1,273,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Tronox by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Raymond James & Associates acquired a new stake in Tronox in the 2nd quarter worth approximately $1,360,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Performance

NYSE TROX opened at $12.10 on Friday. The firm has a market capitalization of $1.91 billion, a P/E ratio of -25.21 and a beta of 1.66. The stock has a 50-day simple moving average of $12.93 and a two-hundred day simple moving average of $14.92. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. Tronox Holdings plc has a fifty-two week low of $10.69 and a fifty-two week high of $20.70.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $790.63 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, equities analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s dividend payout ratio (DPR) is presently -104.16%.

Analyst Ratings Changes

TROX has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and boosted their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. Barclays reduced their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. Finally, BMO Capital Markets decreased their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

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.