Boston Partners Sells 26,152 Shares of Tronox Holdings plc (NYSE:TROX)

Boston Partners trimmed its holdings in Tronox Holdings plc (NYSE:TROX) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,856 shares of the company’s stock after selling 26,152 shares during the period. Boston Partners owned about 0.07% of Tronox worth $1,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new stake in Tronox in the 3rd quarter worth $66,000. KBC Group NV boosted its stake in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after buying 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 valued at $96,000 after buying an additional 1,683 shares in the last quarter. Atria Investments Inc bought a new stake in Tronox in the 4th quarter worth approximately $112,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Tronox during the 4th quarter worth approximately $112,000. Institutional investors own 73.36% of the company’s stock.

Insider Buying and Selling at Tronox

In other news, Director Stephen J. Jones bought 30,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was bought at an average cost of $7.17 per share, for a total transaction of $215,100.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $215,100. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

Tronox Price Performance

NYSE TROX opened at $7.25 on Friday. The company has a market cap of $1.14 billion, a PE ratio of -23.37 and a beta of 1.64. The firm’s 50 day moving average price is $8.69 and its 200-day moving average price is $10.87. 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 52-week low of $6.64 and a 52-week high of $20.70.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share 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%. Sell-side analysts forecast that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Monday, March 3rd. Tronox’s payout ratio is currently -161.29%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TROX shares. Morgan Stanley lowered their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho cut their price target 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. Truist Financial decreased their price objective on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their price target on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group dropped their price objective 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.50.

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.