Allspring Global Investments Holdings LLC Has $133,000 Position in Tronox Holdings plc (NYSE:TROX)

Allspring Global Investments Holdings LLC trimmed its holdings in Tronox Holdings plc (NYSE:TROX) by 65.4% during the fourth quarter, Holdings Channel reports. The firm owned 9,371 shares of the company’s stock after selling 17,732 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Tronox were worth $133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Millburn Ridgefield Corp bought a new stake in Tronox in the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Tronox during the 3rd quarter valued at $25,000. DekaBank Deutsche Girozentrale bought a new position in Tronox during the third quarter worth $50,000. Natixis Advisors L.P. boosted its stake in Tronox by 4.9% during the third quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock worth $275,000 after acquiring an additional 959 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Tronox by 25.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,592 shares of the company’s stock worth $309,000 after purchasing an additional 4,822 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

TROX stock opened at $17.48 on Monday. The company has a market capitalization of $2.74 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 23.53 and a beta of 1.93. Tronox Holdings plc has a 52-week low of $10.08 and a 52-week high of $17.89. The business has a 50-day simple moving average of $16.27 and a two-hundred day simple moving average of $13.98. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, February 15th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.33). Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The company had revenue of $686.00 million for the quarter, compared to analysts’ expectations of $668.95 million. During the same period in the previous year, the firm earned ($0.17) EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts expect that Tronox Holdings plc will post 0.6 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared 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. This represents a $0.50 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, March 1st. Tronox’s dividend payout ratio (DPR) is presently -24.75%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. BMO Capital Markets increased their price target on Tronox from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.86.

Tronox Profile

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.