WINTON GROUP Ltd Makes New Investment in Tronox Holdings plc (NYSE:TROX)

WINTON GROUP Ltd acquired a new position in shares of Tronox Holdings plc (NYSE:TROXGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,826 shares of the company’s stock, valued at approximately $249,000.

Several other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of Tronox by 117.8% during the 2nd quarter. US Bancorp DE now owns 2,176 shares of the company’s stock valued at $36,000 after acquiring an additional 1,177 shares during the last quarter. Founders Capital Management raised its position in shares of Tronox by 69.2% during the 2nd quarter. Founders Capital Management now owns 2,200 shares of the company’s stock valued at $37,000 after acquiring an additional 900 shares during the last quarter. Covestor Ltd raised its position in shares of Tronox by 1,757.7% during the 1st quarter. Covestor Ltd now owns 2,898 shares of the company’s stock valued at $57,000 after acquiring an additional 2,742 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Tronox during the 1st quarter valued at $101,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Tronox in the 1st quarter valued at $268,000. Institutional investors and hedge funds own 66.93% of the company’s stock.

Insider Activity at Tronox

In related news, CFO Timothy C. Carlson purchased 5,000 shares of the stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $11.88 per share, with a total value of $59,400.00. Following the acquisition, the chief financial officer now directly owns 334,326 shares in the company, valued at $3,971,792.88. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Jeffrey N. Neuman purchased 4,000 shares of the stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $11.89 per share, with a total value of $47,560.00. Following the acquisition, the senior vice president now directly owns 193,312 shares in the company, valued at $2,298,479.68. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy C. Carlson purchased 5,000 shares of the stock in a transaction on Friday, October 28th. The stock was bought at an average cost of $11.88 per share, for a total transaction of $59,400.00. Following the completion of the acquisition, the chief financial officer now owns 334,326 shares in the company, valued at $3,971,792.88. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TROX. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Tronox from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, October 3rd. The Goldman Sachs Group started coverage on shares of Tronox in a research note on Thursday, October 13th. They issued a “buy” rating and a $16.00 target price for the company. Morgan Stanley reduced their target price on shares of Tronox from $26.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. Credit Suisse Group started coverage on shares of Tronox in a research note on Tuesday, November 1st. They issued an “underperform” rating and a $10.00 target price for the company. Finally, StockNews.com started coverage on shares of Tronox in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Tronox has an average rating of “Hold” and an average price target of $18.13.

Tronox Trading Up 1.4 %

Shares of NYSE:TROX opened at $14.00 on Monday. Tronox Holdings plc has a 52-week low of $11.09 and a 52-week high of $25.95. The company has a market capitalization of $2.16 billion, a P/E ratio of 3.72, a price-to-earnings-growth ratio of 3.74 and a beta of 1.79. The company has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $15.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 2.35.

Tronox (NYSE:TROXGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.09). Tronox had a net margin of 16.13% and a return on equity of 19.19%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $953.30 million. Sell-side analysts forecast that Tronox Holdings plc will post 2.37 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, November 14th will be paid a $0.125 dividend. The ex-dividend date is Thursday, November 10th. This represents a $0.50 annualized dividend and a yield of 3.57%. Tronox’s dividend payout ratio (DPR) is currently 13.30%.

Tronox Profile

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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; titanium tetrachloride; and other products.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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