Inceptionr LLC Purchases New Shares in Tronox Holdings plc (NYSE:TROX)

Inceptionr LLC purchased a new stake in Tronox Holdings plc (NYSE:TROX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,833 shares of the company’s stock, valued at approximately $411,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after acquiring an additional 1,683 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tronox by 9.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock valued at $399,000 after acquiring an additional 2,488 shares during the period. KBC Group NV grew its stake in Tronox by 59.4% in the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after acquiring an additional 2,590 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Tronox in the 3rd quarter valued at $66,000. Finally, Harbor Capital Advisors Inc. grew its stake in Tronox by 8.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company’s stock valued at $702,000 after acquiring an additional 5,309 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Stock Up 4.2 %

NYSE TROX opened at $7.63 on Friday. Tronox Holdings plc has a 52 week low of $6.64 and a 52 week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The business’s fifty day simple moving average is $9.17 and its 200-day simple moving average is $11.34. The firm has a market cap of $1.21 billion, a PE ratio of -24.61 and a beta of 1.64.

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

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.125 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.55%. Tronox’s dividend payout ratio is presently -161.29%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TROX shares. Truist Financial decreased their price objective on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, February 26th. UBS Group decreased their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Morgan Stanley decreased their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.36.

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.