Rhumbline Advisers Trims Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Rhumbline Advisers cut its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 192,143 shares of the company’s stock after selling 5,564 shares during the quarter. Rhumbline Advisers’ holdings in Tronox were worth $1,935,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox during the third quarter worth approximately $66,000. KBC Group NV boosted its stake in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after acquiring an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in Tronox by 34.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after acquiring an additional 1,683 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Tronox in the 3rd quarter worth about $190,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Tronox in the 3rd quarter valued at about $212,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on TROX. The Goldman Sachs Group decreased their price target on Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Truist Financial dropped their price target on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group reduced their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tronox currently has an average rating of “Moderate Buy” and an average price target of $15.36.

Tronox Stock Down 9.4 %

Tronox stock opened at $7.03 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox Holdings plc has a one year low of $6.97 and a one year high of $20.70. The company has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $11.55. The firm has a market capitalization of $1.11 billion, a P/E ratio of -22.68 and a beta of 1.60.

Tronox (NYSE:TROX) last posted its 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 return on equity of 0.63% and a negative net margin of 1.56%. As a group, equities analysts expect that Tronox Holdings plc will post 0.49 earnings per share for the current year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 7.11%. Tronox’s payout ratio is -161.29%.

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.