Vontobel Holding Ltd. Has $537,000 Holdings in Tronox Holdings plc (NYSE:TROX)

Vontobel Holding Ltd. cut its holdings in Tronox Holdings plc (NYSE:TROX) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,901 shares of the company’s stock after selling 3,003 shares during the quarter. Vontobel Holding Ltd.’s holdings in Tronox were worth $537,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TROX. SG Americas Securities LLC acquired a new position in shares of Tronox in the third quarter worth approximately $333,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Tronox by 25.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,592 shares of the company’s stock valued at $309,000 after buying an additional 4,822 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Tronox by 18.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 27,103 shares of the company’s stock valued at $364,000 after buying an additional 4,292 shares during the period. Mesirow Institutional Investment Management Inc. lifted its stake in Tronox by 85.8% in the third quarter. Mesirow Institutional Investment Management Inc. now owns 743,385 shares of the company’s stock valued at $9,991,000 after buying an additional 343,240 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in Tronox in the third quarter valued at approximately $25,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TROX has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. UBS Group boosted their price objective on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. Finally, StockNews.com upgraded Tronox to a “sell” rating in a report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $14.86.

Tronox Stock Up 5.9 %

Shares of NYSE TROX opened at $17.14 on Tuesday. Tronox Holdings plc has a one year low of $10.08 and a one year high of $17.89. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. The business’s fifty day moving average price is $15.94 and its 200-day moving average price is $13.83. The stock has a market capitalization of $2.69 billion, a PE ratio of -8.49, a P/E/G ratio of 22.15 and a beta of 1.93.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.33). The company had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $668.95 million. Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company posted ($0.17) EPS. On average, equities research analysts anticipate that Tronox Holdings plc will post 0.59 EPS for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.92%. Tronox’s dividend payout ratio (DPR) is -24.75%.

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.