Tronox Holdings plc (NYSE:TROX) Shares Acquired by Primecap Management Co. CA

Primecap Management Co. CA boosted its holdings in Tronox Holdings plc (NYSE:TROXFree Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,234,700 shares of the company’s stock after buying an additional 90,500 shares during the quarter. Primecap Management Co. CA owned 0.79% of Tronox worth $17,483,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TROX. Franklin Resources Inc. raised its position in shares of Tronox by 16.5% during the fourth quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock worth $87,583,000 after purchasing an additional 876,192 shares during the period. Norges Bank acquired a new stake in Tronox during the 4th quarter worth about $7,760,000. First Eagle Investment Management LLC lifted its stake in Tronox by 20.6% during the fourth quarter. First Eagle Investment Management LLC now owns 665,490 shares of the company’s stock valued at $9,423,000 after buying an additional 113,570 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Tronox by 22.2% in the fourth quarter. Principal Financial Group Inc. now owns 75,445 shares of the company’s stock worth $1,068,000 after buying an additional 13,689 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Tronox by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock worth $130,960,000 after acquiring an additional 597,663 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

TROX has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays raised their target price on Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group upped their price target on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.43.

Get Our Latest Stock Analysis on Tronox

Tronox Stock Up 3.6 %

TROX stock traded up $0.66 during mid-day trading on Friday, hitting $18.99. The stock had a trading volume of 1,503,257 shares, compared to its average volume of 1,020,491. Tronox Holdings plc has a 1-year low of $10.08 and a 1-year high of $19.75. The company has a fifty day moving average of $17.69 and a 200 day moving average of $15.07. The company has a current ratio of 3.12, a quick ratio of 1.09 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -8.52, a PEG ratio of 21.65 and a beta of 1.91.

Tronox (NYSE:TROXGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities analysts expect that Tronox Holdings plc will post 0.71 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, May 20th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s payout ratio is -22.42%.

Tronox Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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