Amplius Wealth Advisors LLC Purchases Shares of 12,550 Tronox Holdings PLC $TROX

Amplius Wealth Advisors LLC acquired a new position in Tronox Holdings PLC (NYSE:TROX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,550 shares of the company’s stock, valued at approximately $64,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Tronox by 36.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,936 shares of the company’s stock worth $232,000 after purchasing an additional 8,777 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Tronox during the first quarter worth $102,000. Teacher Retirement System of Texas purchased a new position in Tronox during the first quarter valued at $122,000. Lightrock Netherlands B.V. grew its stake in Tronox by 82.7% during the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company’s stock valued at $11,689,000 after acquiring an additional 750,145 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Tronox by 763.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock valued at $65,000 after acquiring an additional 8,070 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

Insider Buying and Selling

In other Tronox news, Director Peter Johnston purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $3.21 per share, with a total value of $64,200.00. Following the purchase, the director owned 191,513 shares of the company’s stock, valued at approximately $614,756.73. The trade was a 11.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jean Francois Turgeon acquired 31,150 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $3.21 per share, with a total value of $99,991.50. Following the acquisition, the director owned 772,572 shares in the company, valued at $2,479,956.12. This trade represents a 4.20% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 72,150 shares of company stock valued at $232,032 in the last ninety days. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TROX. Alembic Global Advisors restated an “overweight” rating and set a $6.00 price objective on shares of Tronox in a research report on Monday, September 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. The Goldman Sachs Group lowered their target price on Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a research report on Thursday, August 7th. Truist Financial reduced their price target on shares of Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.99.

Tronox Stock Performance

NYSE:TROX opened at $3.52 on Friday. The firm has a market capitalization of $557.22 million, a PE ratio of -2.22 and a beta of 1.28. The stock’s fifty day moving average is $4.13 and its 200 day moving average is $4.77. Tronox Holdings PLC has a fifty-two week low of $2.95 and a fifty-two week high of $13.14. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $802.03 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, November 10th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Monday, November 10th. Tronox’s dividend payout ratio is -12.66%.

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.