Van ECK Associates Corp Sells 98,159 Shares of Tronox Holdings plc (NYSE:TROX)

Van ECK Associates Corp reduced its holdings in Tronox Holdings plc (NYSE:TROX) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 979,081 shares of the company’s stock after selling 98,159 shares during the period. Van ECK Associates Corp owned approximately 0.62% of Tronox worth $13,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp bought a new stake in shares of Tronox during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in Tronox in the third quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in shares of Tronox during the 4th quarter worth about $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Tronox in the 3rd quarter valued at about $50,000. Finally, Natixis Advisors L.P. raised its position in shares of Tronox by 4.9% in the 3rd quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock valued at $275,000 after acquiring an additional 959 shares during the period. 73.36% of the stock is owned by institutional investors.

Tronox Stock Up 0.6 %

TROX stock opened at $17.09 on Thursday. Tronox Holdings plc has a twelve month low of $10.08 and a twelve month high of $17.89. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The business has a 50 day moving average price of $16.39 and a two-hundred day moving average price of $14.08.

Tronox (NYSE:TROX) last released its earnings results on Thursday, February 15th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.33). The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $668.95 million. Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. Tronox’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, sell-side analysts predict that Tronox Holdings plc will post 0.6 EPS for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were issued a $0.125 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.93%. Tronox’s payout ratio is -24.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. UBS Group lifted their price objective on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.86.

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.