Lightrock Netherlands B.V. Sells 940,494 Shares of Tronox Holdings PLC $TROX

Lightrock Netherlands B.V. lowered its position in Tronox Holdings PLC (NYSE:TROX) by 30.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,110,792 shares of the company’s stock after selling 940,494 shares during the quarter. Tronox accounts for 2.1% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 10th biggest position. Lightrock Netherlands B.V.’s holdings in Tronox were worth $20,622,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TROX. Shah Capital Management increased its stake in Tronox by 650.0% during the fourth quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock worth $12,510,000 after acquiring an additional 2,600,000 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Tronox by 123.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 4,347,134 shares of the company’s stock valued at $18,128,000 after purchasing an additional 2,398,038 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Tronox by 199.3% in the 3rd quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock valued at $8,277,000 after purchasing an additional 1,371,158 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Tronox by 355.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after purchasing an additional 1,287,755 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Tronox by 27.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,637,371 shares of the company’s stock worth $23,508,000 after purchasing an additional 1,205,249 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Tronox stock opened at $5.75 on Friday. The stock’s 50 day moving average price is $7.32 and its 200 day moving average price is $7.44. The firm has a market capitalization of $917.88 million, a PE ratio of -1.97 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. Tronox Holdings PLC has a one year low of $2.86 and a one year high of $10.59.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The company had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. During the same quarter in the prior year, the company earned ($0.15) EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Tronox Holdings PLC will post -1.19 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Tronox’s dividend payout ratio (DPR) is presently -6.85%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group lowered shares of Tronox from a “buy” rating to a “sell” rating and set a $9.00 price target on the stock. in a report on Tuesday, May 12th. Mizuho boosted their price objective on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a research report on Wednesday, May 20th. Truist Financial raised shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price on the stock in a research note on Thursday, June 11th. Finally, Weiss Ratings lowered shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $7.14.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.