Zurcher Kantonalbank Zurich Cantonalbank Buys 5,381 Shares of Tronox Holdings plc (NYSE:TROX)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tronox Holdings plc (NYSE:TROX) by 22.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,973 shares of the company’s stock after acquiring an additional 5,381 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tronox were worth $410,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Arizona State Retirement System grew its stake in Tronox by 2.8% in the third quarter. Arizona State Retirement System now owns 33,469 shares of the company’s stock valued at $450,000 after purchasing an additional 923 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Tronox by 4.9% in the 3rd quarter. Natixis Advisors L.P. now owns 20,471 shares of the company’s stock valued at $275,000 after buying an additional 959 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Tronox in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Tronox during the 3rd quarter worth approximately $25,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Tronox by 3.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 54,380 shares of the company’s stock worth $770,000 after acquiring an additional 1,887 shares in the last quarter. 73.36% of the stock is owned by institutional investors.

Tronox Price Performance

NYSE TROX opened at $18.84 on Friday. The stock’s fifty day moving average price is $16.59 and its 200 day moving average price is $14.18. Tronox Holdings plc has a 1 year low of $10.08 and a 1 year high of $19.75. 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 company has a market cap of $2.95 billion, a price-to-earnings ratio of -8.45, a PEG ratio of 23.00 and a beta of 1.91.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. During the same period in the prior year, the company posted $0.15 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Tronox Holdings plc will post 0.6 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 4th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Friday, March 1st. Tronox’s dividend payout ratio is presently -22.42%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TROX shares. UBS Group raised their target price on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. BMO Capital Markets increased their price target on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Finally, StockNews.com lowered Tronox from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.33.

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.