Zurcher Kantonalbank Zurich Cantonalbank Has $410,000 Holdings in Tronox Holdings plc (NYSE:TROX)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,973 shares of the company’s stock after acquiring an additional 5,381 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tronox were worth $410,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in shares of Tronox during the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in Tronox in the 3rd quarter valued at about $25,000. DekaBank Deutsche Girozentrale bought a new position in Tronox in the 3rd quarter valued at about $50,000. Natixis Advisors L.P. raised its position in shares of Tronox by 4.9% in the 3rd quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock valued at $275,000 after buying an additional 959 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Tronox by 11.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 23,691 shares of the company’s stock worth $318,000 after acquiring an additional 2,421 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Price Performance

TROX stock opened at $18.84 on Friday. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The business has a 50-day simple moving average of $16.59 and a two-hundred day simple moving average of $14.18. The company has a market capitalization of $2.95 billion, a P/E ratio of -8.45, a price-to-earnings-growth ratio of 23.00 and a beta of 1.91.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative return on equity of 2.70% and a negative net margin of 11.93%. The company had revenue of $774.00 million for the quarter, compared to the consensus estimate of $753.98 million. During the same quarter last year, the company posted $0.15 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Tronox Holdings plc will post 0.6 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.65%. Tronox’s dividend payout ratio is currently -22.42%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Tronox from a “hold” rating to a “sell” rating in a report on Saturday. BMO Capital Markets lifted their price target on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Finally, UBS Group upped their price objective on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tronox has an average rating of “Hold” and a consensus price target of $15.33.

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.