Inspire Investing LLC Invests $403,000 in Tronox Holdings plc (NYSE:TROX)

Inspire Investing LLC purchased a new stake in shares of Tronox Holdings plc (NYSE:TROX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,029 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP increased its stake in shares of Tronox by 98.6% during the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after purchasing an additional 86,852 shares in the last quarter. Royce & Associates LP increased its position in Tronox by 20.8% during the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock valued at $7,221,000 after buying an additional 84,830 shares in the last quarter. Geode Capital Management LLC raised its stake in Tronox by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after buying an additional 22,165 shares during the last quarter. Algert Global LLC boosted its holdings in Tronox by 127.2% in the second quarter. Algert Global LLC now owns 309,051 shares of the company’s stock worth $4,849,000 after acquiring an additional 173,054 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Tronox by 54.6% in the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after acquiring an additional 543,091 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of TROX opened at $10.26 on Friday. Tronox Holdings plc has a one year low of $8.73 and a one year high of $20.70. The business has a fifty day moving average of $10.66 and a 200 day moving average of $12.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm has a market capitalization of $1.62 billion, a P/E ratio of -21.38 and a beta of 1.62.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). The business had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) EPS. As a group, sell-side analysts anticipate that Tronox Holdings plc will post -0.05 EPS for the current year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.87%. Tronox’s payout ratio is presently -104.17%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays dropped their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. BMO Capital Markets lowered their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley reduced their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their price target on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

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.