Tronox Holdings plc (NYSE:TROX) Stock Position Decreased by Natixis Advisors LLC

Natixis Advisors LLC trimmed its position in shares of Tronox Holdings plc (NYSE:TROX) by 64.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,398 shares of the company’s stock after selling 33,446 shares during the period. Natixis Advisors LLC’s holdings in Tronox were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of TROX. Price T Rowe Associates Inc. MD raised its position in Tronox by 4.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after purchasing an additional 4,204 shares during the last quarter. Boston Partners raised its holdings in shares of Tronox by 160.2% in the 1st quarter. Boston Partners now owns 1,018,025 shares of the company’s stock valued at $17,664,000 after purchasing an additional 626,744 shares during the period. BDF Gestion bought a new stake in shares of Tronox in the 2nd quarter valued at about $1,273,000. Wealth Enhancement Advisory Services LLC raised its holdings in Tronox by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after acquiring an additional 1,014 shares during the period. Finally, Raymond James & Associates acquired a new position in shares of Tronox during the 2nd quarter worth approximately $1,360,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Stock Performance

Shares of TROX stock opened at $12.07 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The stock has a fifty day moving average price of $12.96 and a 200 day moving average price of $14.98. The stock has a market cap of $1.91 billion, a PE ratio of -25.13 and a beta of 1.66. 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). The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company posted ($0.08) earnings per share. Sell-side analysts forecast that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, November 8th. Tronox’s payout ratio is -104.17%.

Wall Street Analyst Weigh In

TROX has been the subject of several research analyst reports. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. Barclays dropped their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets reduced their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Tronox 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.