Jennison Associates LLC Invests $850,000 in Tronox Holdings PLC $TROX

Jennison Associates LLC purchased a new position in shares of Tronox Holdings PLC (NYSE:TROX) in the first quarter, HoldingsChannel reports. The firm purchased 86,985 shares of the company’s stock, valued at approximately $850,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Tronox during the third quarter worth about $37,000. Headlands Technologies LLC acquired a new stake in shares of Tronox during the second quarter valued at about $38,000. Aigen Investment Management LP acquired a new stake in shares of Tronox during the fourth quarter valued at about $43,000. Finally, Pacific Sage Partners LLC purchased a new stake in shares of Tronox in the 4th quarter valued at approximately $46,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TROX shares. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on Tronox in a research report on Wednesday, May 20th. UBS Group upped their price target on Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, April 9th. Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings cut Tronox from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $6.79.

Tronox Stock Up 2.3%

Shares of NYSE:TROX opened at $6.64 on Thursday. The firm has a market capitalization of $1.06 billion, a PE ratio of -2.27 and a beta of 0.80. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $10.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The firm’s 50-day moving average is $7.10 and its two-hundred day moving average is $7.49.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The business had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative net margin of 15.82% and a negative return on equity of 19.93%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.15) EPS. Analysts predict that Tronox Holdings PLC will post -1.24 EPS for the current year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 3.0%. Tronox’s dividend payout ratio is -6.85%.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.