Swiss National Bank Sells 2,400 Shares of Tronox Holdings PLC $TROX

Swiss National Bank trimmed its holdings in shares of Tronox Holdings PLC (NYSE:TROX) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 229,400 shares of the company’s stock after selling 2,400 shares during the quarter. Swiss National Bank owned about 0.15% of Tronox worth $1,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its holdings in Tronox by 15.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock valued at $19,941,000 after purchasing an additional 375,643 shares during the period. Primecap Management Co. CA raised its position in shares of Tronox by 7.8% in the first quarter. Primecap Management Co. CA now owns 1,455,500 shares of the company’s stock valued at $10,247,000 after buying an additional 105,800 shares in the last quarter. Credit Capital Investments LLC bought a new stake in shares of Tronox in the first quarter valued at approximately $211,000. XTX Topco Ltd acquired a new stake in Tronox during the first quarter worth approximately $211,000. Finally, Equitable Trust Co. grew its position in Tronox by 23.9% during the first quarter. Equitable Trust Co. now owns 57,965 shares of the company’s stock worth $408,000 after buying an additional 11,175 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jeffrey A. Engle purchased 12,600 shares of Tronox stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $3.07 per share, for a total transaction of $38,682.00. Following the completion of the acquisition, the senior vice president owned 146,926 shares in the company, valued at approximately $451,062.82. This trade represents a 9.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John D. Romano acquired 100,000 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $3.09 per share, with a total value of $309,000.00. Following the purchase, the chief executive officer directly owned 1,333,485 shares of the company’s stock, valued at $4,120,468.65. This trade represents a 8.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 184,750 shares of company stock worth $579,714. Company insiders own 1.70% of the company’s stock.

Tronox Price Performance

TROX stock opened at $4.1750 on Monday. The stock has a market cap of $661.82 million, a price-to-earnings ratio of -2.64 and a beta of 1.35. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.10 and a quick ratio of 0.52. The company has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $5.81. Tronox Holdings PLC has a 1 year low of $2.95 and a 1 year high of $15.07.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS. Tronox has set its FY 2025 guidance at EPS. Research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 3rd. Investors of record on Tuesday, August 12th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 11th. This represents a yield of 629.0%. Tronox’s payout ratio is currently -12.66%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Alembic Global Advisors reaffirmed an “overweight” rating and issued a $5.00 price objective on shares of Tronox in a report on Monday, August 11th. JPMorgan Chase & Co. raised Tronox from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $5.00 to $7.00 in a research note on Friday, May 30th. The Goldman Sachs Group cut their price objective on shares of Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Tronox from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Finally, BMO Capital Markets lowered shares of Tronox from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $7.00 to $3.00 in a report on Monday, June 30th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Tronox currently has a consensus rating of “Hold” and a consensus target price of $5.01.

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.