Savant Capital LLC Takes Position in Tronox Holdings PLC $TROX

Savant Capital LLC acquired a new stake in shares of Tronox Holdings PLC (NYSE:TROX) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 57,304 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. raised its position in Tronox by 2.5% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,868,837 shares of the company’s stock valued at $20,197,000 after purchasing an additional 69,726 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tronox by 15.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock valued at $19,941,000 after buying an additional 375,643 shares during the period. Nuveen LLC bought a new position in Tronox in the 1st quarter valued at approximately $17,268,000. American Century Companies Inc. boosted its position in Tronox by 10.3% during the 1st quarter. American Century Companies Inc. now owns 1,909,098 shares of the company’s stock worth $13,440,000 after buying an additional 177,787 shares during the period. Finally, Lightrock Netherlands B.V. grew its holdings in Tronox by 6.9% during the 2nd quarter. Lightrock Netherlands B.V. now owns 1,772,579 shares of the company’s stock worth $8,987,000 after acquiring an additional 115,000 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. UBS Group lowered their target price on Tronox from $3.90 to $3.80 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. The Goldman Sachs Group reduced their price target on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Alembic Global Advisors reissued an “overweight” rating and issued a $6.00 price target on shares of Tronox in a research note on Monday, September 15th. Finally, Truist Financial cut their price objective on Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.92.

Tronox Stock Performance

Shares of Tronox stock opened at $3.08 on Wednesday. The company has a market cap of $487.86 million, a P/E ratio of -1.95 and a beta of 1.37. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $4.58. Tronox Holdings PLC has a 1-year low of $2.86 and a 1-year high of $12.72.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 6.5%. Tronox’s dividend payout ratio (DPR) is -9.76%.

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.