Harbor Capital Advisors Inc. Makes New $829,000 Investment in Tronox Holdings plc (NYSE:TROX)

Harbor Capital Advisors Inc. bought a new position in Tronox Holdings plc (NYSE:TROX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 65,185 shares of the company’s stock, valued at approximately $829,000.

Several other institutional investors have also recently made changes to their positions in the company. 44 Wealth Management LLC raised its position in shares of Tronox by 1.8% in the 1st quarter. 44 Wealth Management LLC now owns 48,325 shares of the company’s stock worth $695,000 after acquiring an additional 843 shares in the last quarter. Arizona State Retirement System increased its position in Tronox by 2.7% during the 1st quarter. Arizona State Retirement System now owns 33,567 shares of the company’s stock valued at $483,000 after buying an additional 884 shares in the last quarter. Mendota Financial Group LLC increased its holdings in shares of Tronox by 37.7% in the 1st quarter. Mendota Financial Group LLC now owns 3,322 shares of the company’s stock worth $66,000 after purchasing an additional 910 shares in the last quarter. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Tronox by 0.6% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 192,092 shares of the company’s stock worth $2,762,000 after purchasing an additional 1,075 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Tronox by 41.5% in the 1st quarter. US Bancorp DE now owns 3,773 shares of the company’s stock worth $54,000 after purchasing an additional 1,106 shares in the last quarter. Institutional investors own 70.22% of the company’s stock.

Insider Activity

In other news, Director Vanessa Ann Guthrie sold 2,395 shares of Tronox stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $13.66, for a total value of $32,715.70. Following the sale, the director now directly owns 41,324 shares of the company’s stock, valued at $564,485.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.

Tronox Price Performance

Shares of Tronox stock opened at $13.42 on Tuesday. The stock’s 50-day simple moving average is $13.50 and its 200-day simple moving average is $13.14. Tronox Holdings plc has a 52 week low of $10.58 and a 52 week high of $17.61. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -15.07, a PEG ratio of 4.67 and a beta of 1.94. The company has a quick ratio of 0.73, a current ratio of 2.22 and a debt-to-equity ratio of 1.17.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.11). Tronox had a negative net margin of 4.60% and a positive return on equity of 5.60%. The business had revenue of $794.00 million during the quarter, compared to analysts’ expectations of $821.82 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Tronox’s revenue was down 16.0% on a year-over-year basis. As a group, analysts expect that Tronox Holdings plc will post 0.46 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.50 annualized dividend and a dividend yield of 3.73%. Tronox’s payout ratio is -56.18%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TROX shares. Credit Suisse Group upgraded Tronox from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, August 8th. UBS Group downgraded Tronox from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Thursday, September 7th. Morgan Stanley restated an “equal weight” rating and issued a $16.00 price target on shares of Tronox in a research note on Tuesday, August 1st. BMO Capital Markets dropped their price target on Tronox from $15.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, July 28th. Finally, StockNews.com started coverage on Tronox in a research note on Sunday, August 20th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Tronox has a consensus rating of “Hold” and an average target price of $15.43.

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.