Royce & Associates LP Has $7.44 Million Stock Holdings in Tronox Holdings plc (NYSE:TROX)

Royce & Associates LP grew its holdings in Tronox Holdings plc (NYSE:TROX – Get Rating) by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 607,642 shares of the company’s stock after buying an additional 103,018 shares during the period. Royce & Associates LP owned 0.39% of Tronox worth $7,444,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of Tronox by 117.8% in the second quarter. US Bancorp DE now owns 2,176 shares of the company’s stock valued at $36,000 after buying an additional 1,177 shares during the last quarter. Founders Capital Management lifted its holdings in Tronox by 69.2% during the 2nd quarter. Founders Capital Management now owns 2,200 shares of the company’s stock worth $37,000 after purchasing an additional 900 shares during the last quarter. Covestor Ltd lifted its holdings in Tronox by 1,757.7% during the 1st quarter. Covestor Ltd now owns 2,898 shares of the company’s stock worth $57,000 after purchasing an additional 2,742 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in Tronox during the 2nd quarter worth approximately $57,000. Finally, Evanson Asset Management LLC acquired a new stake in Tronox during the 3rd quarter worth approximately $123,000. 67.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TROX has been the subject of several research reports. StockNews.com initiated coverage on Tronox in a report on Wednesday, October 12th. They set a “hold” rating for the company. BMO Capital Markets dropped their price target on Tronox from $16.00 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, September 27th. Deutsche Bank Aktiengesellschaft lowered their price objective on Tronox from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, October 3rd. Morgan Stanley lowered their price objective on Tronox from $26.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 25th. Finally, Credit Suisse Group started coverage on Tronox in a research note on Tuesday, November 1st. They set an “underperform” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $16.88.

Insider Activity

In other Tronox news, SVP Jeffrey N. Neuman purchased 4,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were bought at an average price of $11.89 per share, for a total transaction of $47,560.00. Following the purchase, the senior vice president now owns 193,312 shares in the company, valued at approximately $2,298,479.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Timothy C. Carlson acquired 5,000 shares of Tronox stock in a transaction that occurred on Friday, October 28th. The shares were acquired at an average price of $11.88 per share, for a total transaction of $59,400.00. Following the transaction, the chief financial officer now directly owns 334,326 shares of the company’s stock, valued at approximately $3,971,792.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey N. Neuman acquired 4,000 shares of Tronox stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average price of $11.89 per share, for a total transaction of $47,560.00. Following the transaction, the senior vice president now directly owns 193,312 shares in the company, valued at $2,298,479.68. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

Tronox Trading Up 2.1 %

Shares of TROX opened at $16.51 on Monday. Tronox Holdings plc has a 52-week low of $11.09 and a 52-week high of $24.43. The business’s fifty day moving average is $14.44 and its 200-day moving average is $14.20. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.00 and a current ratio of 2.35. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 4.39, a PEG ratio of 2.35 and a beta of 1.80.

Tronox (NYSE:TROX – Get Rating) last issued its quarterly 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 business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $953.30 million. Equities analysts anticipate that Tronox Holdings plc will post 2.29 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Monday, November 14th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $0.50 annualized dividend and a dividend yield of 3.03%. Tronox’s payout ratio is 13.30%.

About Tronox

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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.