Healthcare of Ontario Pension Plan Trust Fund Has $15.36 Million Stake in Tronox Holdings plc (NYSE:TROX)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Tronox Holdings plc (NYSE:TROX) by 264.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623,285 shares of the company’s stock after buying an additional 452,300 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.41% of Tronox worth $15,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Tronox by 1.4% during the second quarter. FMR LLC now owns 13,592,962 shares of the company’s stock worth $304,482,000 after purchasing an additional 183,216 shares during the period. Vanguard Group Inc. raised its position in shares of Tronox by 7.9% during the second quarter. Vanguard Group Inc. now owns 11,144,749 shares of the company’s stock worth $249,643,000 after purchasing an additional 811,955 shares during the period. BlackRock Inc. raised its position in shares of Tronox by 2.2% during the second quarter. BlackRock Inc. now owns 8,011,080 shares of the company’s stock worth $179,448,000 after purchasing an additional 175,080 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tronox by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,888,807 shares of the company’s stock worth $131,887,000 after purchasing an additional 200,611 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Tronox by 3.6% during the second quarter. Goldman Sachs Group Inc. now owns 4,304,082 shares of the company’s stock worth $96,412,000 after purchasing an additional 148,922 shares during the period. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on TROX shares. Deutsche Bank Aktiengesellschaft started coverage on Tronox in a research report on Thursday, October 14th. They set a “buy” rating and a $30.00 price target on the stock. UBS Group decreased their price objective on Tronox from $32.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, January 4th. Zacks Investment Research upgraded Tronox from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, January 7th. Finally, Morgan Stanley increased their price objective on Tronox from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tronox currently has an average rating of “Buy” and a consensus target price of $28.67.

NYSE:TROX opened at $25.22 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.40 and a current ratio of 2.70. The company has a market cap of $3.88 billion, a PE ratio of 15.86 and a beta of 2.29. Tronox Holdings plc has a 52-week low of $14.37 and a 52-week high of $26.33. The stock has a 50-day simple moving average of $23.54 and a 200 day simple moving average of $22.34.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, October 27th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.08. The firm had revenue of $870.00 million during the quarter, compared to the consensus estimate of $896.40 million. Tronox had a return on equity of 15.84% and a net margin of 7.14%. The business’s revenue was up 28.9% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. On average, research analysts predict that Tronox Holdings plc will post 2.36 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 13th. Shareholders of record on Monday, November 15th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.59%. Tronox’s dividend payout ratio is 25.16%.

About Tronox

Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in 2006 and is headquartered in Stamford, CT.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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