11,117 Shares in Tronox Holdings plc (NYSE:TROX) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of Tronox Holdings plc (NYSE:TROX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,117 shares of the company’s stock, valued at approximately $112,000.

Other hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of Tronox during the 3rd quarter worth approximately $66,000. KBC Group NV increased its stake in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after purchasing an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after purchasing an additional 1,683 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Tronox during the fourth quarter valued at $112,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Tronox during the third quarter valued at $212,000. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Up 2.2 %

Shares of NYSE TROX opened at $7.26 on Friday. Tronox Holdings plc has a 1-year low of $6.64 and a 1-year high of $20.70. The business has a fifty day moving average price of $8.49 and a 200 day moving average price of $10.73. The stock has a market capitalization of $1.15 billion, a P/E ratio of -23.43 and a beta of 1.64. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Equities research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.88%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s dividend payout ratio is currently -161.29%.

Insider Transactions at Tronox

In other Tronox news, Director Stephen J. Jones acquired 30,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, with a total value of $215,100.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TROX. Morgan Stanley decreased their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group decreased their price target on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Mizuho dropped their price objective on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Truist Financial decreased their target price on Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, UBS Group lowered their target price on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Tronox has an average rating of “Moderate Buy” and a consensus target price of $13.50.

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.