Bank of Montreal Can Acquires 14,437 Shares of Tronox Holdings plc (NYSE:TROX)

Bank of Montreal Can grew its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 9.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,366 shares of the company’s stock after purchasing an additional 14,437 shares during the quarter. Bank of Montreal Can’s holdings in Tronox were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of TROX. Thrivent Financial for Lutherans lifted its position in shares of Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock worth $69,869,000 after buying an additional 2,616,804 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in Tronox in the 4th quarter worth approximately $9,183,000. Bank of New York Mellon Corp boosted its position in Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock worth $26,486,000 after purchasing an additional 551,645 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Tronox by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,456,867 shares of the company’s stock valued at $24,741,000 after purchasing an additional 244,646 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Tronox by 13.7% in the fourth quarter. American Century Companies Inc. now owns 1,731,311 shares of the company’s stock valued at $17,434,000 after purchasing an additional 208,579 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

Insider Buying and Selling at Tronox

In other news, Director Stephen J. Jones acquired 30,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was bought at an average price of $7.17 per share, with a total value of $215,100.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at approximately $215,100. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

TROX has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group lowered their price target on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective 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. Mizuho lowered their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Finally, Truist Financial cut their price target on Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a report on Monday. Three investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.93.

Tronox Trading Down 1.3 %

Shares of TROX stock opened at $5.18 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The firm has a fifty day moving average of $7.04 and a 200-day moving average of $9.96. Tronox Holdings plc has a 52-week low of $4.35 and a 52-week high of $20.70. The stock has a market cap of $818.12 million, a price-to-earnings ratio of -16.71 and a beta of 1.53.

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

Tronox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date was Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is -161.29%.

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.