Wedge Capital Management L L P NC Has $663,000 Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Wedge Capital Management L L P NC lifted its holdings in Tronox Holdings plc (NYSE:TROX) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 46,835 shares of the company’s stock after purchasing an additional 5,830 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Tronox were worth $663,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TROX. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tronox by 22.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,973 shares of the company’s stock valued at $410,000 after acquiring an additional 5,381 shares in the last quarter. Equitable Trust Co. lifted its position in shares of Tronox by 8.5% in the fourth quarter. Equitable Trust Co. now owns 35,515 shares of the company’s stock worth $503,000 after purchasing an additional 2,770 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Tronox by 3.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 54,380 shares of the company’s stock worth $770,000 after purchasing an additional 1,887 shares during the last quarter. Vanguard Group Inc. grew its position in Tronox by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock valued at $167,677,000 after purchasing an additional 41,481 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Tronox by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 1,851,361 shares of the company’s stock valued at $24,882,000 after buying an additional 169,544 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Tronox Stock Down 1.4 %

Shares of NYSE:TROX opened at $17.37 on Friday. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $17.89. The company has a 50-day simple moving average of $16.13 and a 200 day simple moving average of $13.90. The company has a current ratio of 2.84, a quick ratio of 0.95 and a debt-to-equity ratio of 1.41.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, February 15th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.33). Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The firm had revenue of $686.00 million during the quarter, compared to analyst estimates of $668.95 million. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Tronox Holdings plc will post 0.6 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 annualized dividend and a yield of 2.88%. Tronox’s dividend payout ratio (DPR) is presently -24.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TROX shares. BMO Capital Markets raised their price objective on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Tuesday, February 20th. UBS Group raised their price objective on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, StockNews.com upgraded Tronox to a “sell” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tronox has an average rating of “Hold” and a consensus target price of $14.86.

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.