Tronox Holdings plc (NYSE:TROX) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Tronox Holdings plc (NYSE:TROX) by 78.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,626 shares of the company’s stock after selling 113,147 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tronox were worth $448,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TROX. Price T Rowe Associates Inc. MD lifted its stake in shares of Tronox by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after acquiring an additional 4,204 shares in the last quarter. Boston Partners raised its position in shares of Tronox by 160.2% in the 1st quarter. Boston Partners now owns 1,018,025 shares of the company’s stock valued at $17,664,000 after purchasing an additional 626,744 shares in the last quarter. BDF Gestion acquired a new stake in shares of Tronox during the second quarter worth approximately $1,273,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Tronox by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock worth $393,000 after buying an additional 1,014 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in shares of Tronox in the second quarter worth $1,360,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TROX shares. BMO Capital Markets decreased their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $19.00 in a report on Thursday, October 10th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. The Goldman Sachs Group lowered their price target on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Finally, Barclays reduced their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Stock Performance

Shares of TROX stock opened at $12.12 on Friday. The company has a market cap of $1.91 billion, a P/E ratio of -25.25 and a beta of 1.66. The business has a 50 day moving average of $12.94 and a two-hundred day moving average of $14.96. Tronox Holdings plc has a 52 week low of $10.69 and a 52 week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX) last released its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts anticipate that Tronox Holdings plc will post -0.04 EPS for the current year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.13%. Tronox’s dividend payout ratio is currently -104.16%.

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.