KLP Kapitalforvaltning AS Purchases Shares of 25,200 Tronox Holdings plc (NYSE:TROX)

KLP Kapitalforvaltning AS purchased a new stake in shares of Tronox Holdings plc (NYSE:TROX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 25,200 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors have also recently made changes to their positions in the company. AXQ Capital LP bought a new stake in Tronox during the fourth quarter worth about $160,000. Sei Investments Co. lifted its position in Tronox by 39.9% in the 4th quarter. Sei Investments Co. now owns 284,353 shares of the company’s stock worth $2,863,000 after buying an additional 81,078 shares during the last quarter. American Century Companies Inc. lifted its position in Tronox by 13.7% in the 4th quarter. American Century Companies Inc. now owns 1,731,311 shares of the company’s stock worth $17,434,000 after buying an additional 208,579 shares during the last quarter. Semanteon Capital Management LP boosted its stake in Tronox by 35.0% in the fourth quarter. Semanteon Capital Management LP now owns 116,787 shares of the company’s stock worth $1,176,000 after buying an additional 30,308 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake 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 in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 8.7 %

Shares of TROX stock opened at $5.28 on Monday. The company has a current ratio of 2.47, a quick ratio of 0.90 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $833.12 million, a price-to-earnings ratio of -17.02 and a beta of 1.53. Tronox Holdings plc has a 12-month low of $5.07 and a 12-month high of $20.70. The stock’s 50-day moving average price is $8.06 and its 200-day moving average price is $10.48.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share 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 predict that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 3rd were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.48%. Tronox’s payout ratio is -161.29%.

Insider Buying and Selling

In other Tronox news, Director Stephen J. Jones purchased 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 owns 30,000 shares of the company’s stock, valued at approximately $215,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

About Tronox

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.