Wealth Enhancement Advisory Services LLC Acquires 34,646 Shares of Tronox Holdings PLC $TROX

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tronox Holdings PLC (NYSE:TROX) by 105.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,582 shares of the company’s stock after buying an additional 34,646 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Tronox were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Nuveen LLC purchased a new stake in Tronox in the first quarter valued at about $17,268,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Tronox in the first quarter worth approximately $6,765,000. Lightrock Netherlands B.V. lifted its position in Tronox by 82.7% during the first quarter. Lightrock Netherlands B.V. now owns 1,657,579 shares of the company’s stock worth $11,689,000 after buying an additional 750,145 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Tronox during the first quarter worth approximately $3,620,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Tronox by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after buying an additional 375,643 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TROX shares. Morgan Stanley reduced their price objective on Tronox from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Mizuho set a $3.50 target price on Tronox in a research report on Friday. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group cut their price objective on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.10.

Tronox Trading Down 4.6%

NYSE:TROX opened at $3.81 on Wednesday. The stock has a 50-day simple moving average of $4.12 and a 200-day simple moving average of $5.06. The stock has a market cap of $603.17 million, a P/E ratio of -2.41 and a beta of 1.28. Tronox Holdings PLC has a 1 year low of $2.95 and a 1 year high of $14.93. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10.

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

Tronox Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, August 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.20 annualized dividend and a yield of 5.3%. Tronox’s dividend payout ratio is currently -12.66%.

Insider Buying and Selling at Tronox

In other Tronox news, Director Peter Johnston bought 20,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $3.21 per share, with a total value of $64,200.00. Following the purchase, the director owned 191,513 shares in the company, valued at approximately $614,756.73. This represents a 11.66% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey A. Engle purchased 12,600 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $3.07 per share, for a total transaction of $38,682.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 184,750 shares of company stock worth $579,714. 1.70% of the stock is currently owned by company insiders.

Tronox Company 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.