Ameriprise Financial Inc. Grows Holdings in Tronox Holdings plc (NYSE:TROX)

Ameriprise Financial Inc. grew its stake in Tronox Holdings plc (NYSE:TROX) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,092,222 shares of the company’s stock after acquiring an additional 6,841 shares during the period. Ameriprise Financial Inc. owned about 0.69% of Tronox worth $10,999,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TROX. Vanguard Group Inc. grew its holdings in shares of Tronox by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock valued at $127,390,000 after purchasing an additional 193,895 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Tronox by 60.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock valued at $69,869,000 after purchasing an additional 2,616,804 shares in the last quarter. Capital International Investors grew its holdings in shares of Tronox by 14.8% in the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock valued at $61,034,000 after purchasing an additional 781,223 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tronox by 5.2% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company’s stock valued at $28,187,000 after purchasing an additional 139,401 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Tronox by 26.5% in the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company’s stock valued at $26,486,000 after purchasing an additional 551,645 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Tronox news, Director Stephen J. Jones purchased 30,000 shares of Tronox stock in a transaction that occurred on Tuesday, March 18th. The stock was purchased at an average price of $7.17 per share, for a total transaction of $215,100.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at $215,100. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey N. Neuman purchased 10,266 shares of Tronox stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president now owns 10,266 shares in the company, valued at $50,200.74. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Mizuho dropped their price objective on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on shares of Tronox from $12.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. Truist Financial dropped their price objective on shares of Tronox from $14.00 to $10.00 and set a “buy” rating for the company in a report on Monday, April 14th. UBS Group lowered their price target on shares of Tronox from $11.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, Tronox has a consensus rating of “Hold” and a consensus price target of $9.64.

Tronox Trading Up 1.2%

NYSE TROX opened at $5.45 on Monday. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. Tronox Holdings plc has a 52 week low of $4.35 and a 52 week high of $20.70. The stock has a market capitalization of $859.97 million, a PE ratio of -17.56 and a beta of 1.40. The firm has a 50 day moving average of $5.91 and a two-hundred day moving average of $8.63.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. The firm had revenue of $738.00 million for the quarter, compared to analyst estimates of $745.96 million. During the same quarter last year, the firm earned ($0.05) EPS. The company’s revenue was down 4.7% on a year-over-year basis. As a group, research analysts expect that Tronox Holdings plc will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend is Monday, May 19th. Tronox’s payout ratio is -52.63%.

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.