Tronox Holdings PLC $TROX Shares Bought by American Century Companies Inc.

American Century Companies Inc. raised its stake in Tronox Holdings PLC (NYSE:TROX) by 10.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,909,098 shares of the company’s stock after acquiring an additional 177,787 shares during the period. American Century Companies Inc. owned 1.21% of Tronox worth $13,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TROX. Nuveen LLC acquired a new position in Tronox in the first quarter valued at approximately $17,268,000. Lightrock Netherlands B.V. boosted its stake in Tronox by 82.7% in the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company’s stock valued at $11,689,000 after acquiring an additional 750,145 shares during the period. Aristotle Capital Boston LLC boosted its stake in Tronox by 121.8% in the fourth quarter. Aristotle Capital Boston LLC now owns 951,277 shares of the company’s stock valued at $9,579,000 after acquiring an additional 522,412 shares during the period. Edgestream Partners L.P. acquired a new position in Tronox in the first quarter valued at approximately $3,620,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tronox by 15.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock valued at $19,941,000 after acquiring an additional 375,643 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on TROX. BMO Capital Markets downgraded Tronox from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $7.00 to $3.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. upgraded Tronox from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $5.00 to $7.00 in a research report on Friday, May 30th. Mizuho reduced their price objective on Tronox from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Wall Street Zen downgraded Tronox from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, Truist Financial set a $5.00 price objective on Tronox in a research report on Monday, August 4th. Five equities 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 MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.01.

Insider Activity at Tronox

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

Tronox Stock Performance

Shares of NYSE TROX opened at $4.26 on Tuesday. The stock has a fifty day moving average price of $4.81 and a two-hundred day moving average price of $5.78. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The firm has a market cap of $675.32 million, a P/E ratio of -2.70 and a beta of 1.35. Tronox Holdings PLC has a 1 year low of $2.95 and a 1 year high of $15.07.

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

Tronox Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 3rd. Stockholders 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 dividend yield of 629.0%. Tronox’s dividend payout ratio (DPR) is -12.66%.

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.