Tronox Holdings plc (NYSE:TROX) Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Tronox Holdings plc (NYSE:TROX) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 841,230 shares of the company’s stock after buying an additional 46,721 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of Tronox worth $12,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TROX. Public Employees Retirement System of Ohio acquired a new position in shares of Tronox in the third quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tronox during the 2nd quarter worth about $76,000. Headlands Technologies LLC acquired a new stake in shares of Tronox during the 2nd quarter valued at about $83,000. nVerses Capital LLC grew its stake in shares of Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after buying an additional 2,700 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Tronox in the 2nd quarter valued at approximately $195,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TROX. The Goldman Sachs Group reduced their target price on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets reduced their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, Barclays cut 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

Tronox Price Performance

Shares of NYSE:TROX opened at $9.08 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -18.92 and a beta of 1.62. The business has a 50 day moving average price of $11.00 and a 200 day moving average price of $13.05. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox Holdings plc has a twelve month low of $8.94 and a twelve month high of $20.70.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) EPS. 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. Stockholders of record on Monday, November 11th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date was Friday, November 8th. Tronox’s dividend payout ratio is currently -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.