Aristotle Capital Boston LLC Boosts Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Aristotle Capital Boston LLC increased its position in Tronox Holdings plc (NYSE:TROX) by 121.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 951,277 shares of the company’s stock after acquiring an additional 522,412 shares during the period. Aristotle Capital Boston LLC’s holdings in Tronox were worth $9,579,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TROX. Barclays PLC raised its stake in shares of Tronox by 320.1% in the third quarter. Barclays PLC now owns 182,629 shares of the company’s stock worth $2,672,000 after purchasing an additional 139,161 shares during the last quarter. JPMorgan Chase & Co. raised its position in Tronox by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company’s stock worth $12,307,000 after buying an additional 46,721 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Tronox by 8.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company’s stock valued at $702,000 after acquiring an additional 5,309 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Tronox by 123.9% during the 4th quarter. SG Americas Securities LLC now owns 40,195 shares of the company’s stock valued at $405,000 after acquiring an additional 22,242 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Tronox in the fourth quarter worth approximately $403,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tronox

In related news, Director Stephen J. Jones acquired 30,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was acquired at an average price of $7.17 per share, with a total value of $215,100.00. Following the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at approximately $215,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

TROX has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Mizuho dropped their price target on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. UBS Group lowered their target price on Tronox from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial cut their price target on Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.21.

Tronox Price Performance

Shares of NYSE:TROX opened at $5.75 on Friday. The company has a market capitalization of $908.14 million, a P/E ratio of -18.55 and a beta of 1.53. Tronox Holdings plc has a 1-year low of $4.35 and a 1-year high of $20.70. The firm’s 50 day simple moving average is $6.31 and its two-hundred day simple moving average is $9.24. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, April 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.17). The firm had revenue of $738.00 million for the quarter, compared to analysts’ expectations of $745.96 million. Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. Research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 3rd were paid a $0.125 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 8.70%. Tronox’s payout ratio is -161.29%.

Tronox Company 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.