BNP Paribas Financial Markets Acquires 20,932 Shares of Tronox Holdings plc (NYSE:TROX)

BNP Paribas Financial Markets lifted its holdings in Tronox Holdings plc (NYSE:TROX) by 31.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,529 shares of the company’s stock after buying an additional 20,932 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of Tronox worth $1,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TROX. Wealth Enhancement Advisory Services LLC increased its holdings in Tronox by 4.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after purchasing an additional 1,014 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Tronox in the 2nd quarter valued at about $1,360,000. Van Lanschot Kempen Investment Management N.V. raised its position in shares of Tronox by 2.9% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after acquiring an additional 68,155 shares during the period. Hantz Financial Services Inc. bought a new position in Tronox during the 2nd quarter worth approximately $2,717,000. Finally, nVerses Capital LLC acquired a new position in Tronox during the second quarter valued at approximately $121,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Analysts Set New Price Targets

TROX has been the topic of a number of recent analyst reports. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. The Goldman Sachs Group decreased their target price on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. Finally, BMO Capital Markets dropped their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Tronox Trading Up 3.4 %

TROX opened at $12.02 on Tuesday. The company has a market cap of $1.90 billion, a P/E ratio of -25.04 and a beta of 1.59. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The company’s 50 day moving average is $12.69 and its 200-day moving average is $14.55. Tronox Holdings plc has a 1-year low of $10.69 and a 1-year high of $20.70.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The business had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. Equities research analysts predict that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.16%. Tronox’s payout ratio is -104.17%.

About Tronox

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.