Barclays PLC Increases Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Barclays PLC boosted its stake in Tronox Holdings plc (NYSE:TROX) by 320.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 182,629 shares of the company’s stock after buying an additional 139,161 shares during the quarter. Barclays PLC owned approximately 0.12% of Tronox worth $2,672,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Tronox in the third quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tronox in the 2nd quarter worth about $76,000. Headlands Technologies LLC purchased a new stake in Tronox in the 2nd quarter valued at about $83,000. nVerses Capital LLC bought a new position in shares of Tronox during the 2nd quarter worth approximately $121,000. Finally, Entropy Technologies LP purchased a new position in shares of Tronox in the 3rd quarter worth approximately $190,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

NYSE TROX opened at $10.37 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The company has a market cap of $1.64 billion, a PE ratio of -21.60 and a beta of 1.59. Tronox Holdings plc has a 52 week low of $9.99 and a 52 week high of $20.70. The firm’s 50-day simple moving average is $11.89 and its two-hundred day simple moving average is $13.84.

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

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.82%. Tronox’s payout ratio is -104.17%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BMO Capital Markets decreased their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, Barclays dropped their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

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.