Tronox Holdings PLC $TROX Position Boosted by Citigroup Inc.

Citigroup Inc. increased its position in Tronox Holdings PLC (NYSE:TROX) by 693.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 469,051 shares of the company’s stock after purchasing an additional 409,902 shares during the period. Citigroup Inc. owned 0.30% of Tronox worth $1,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TROX. Headlands Technologies LLC bought a new position in Tronox during the 2nd quarter worth approximately $38,000. Jefferies Financial Group Inc. bought a new stake in shares of Tronox in the 2nd quarter valued at approximately $66,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Tronox during the 3rd quarter valued at approximately $67,000. Prudential Financial Inc. bought a new position in Tronox during the second quarter worth $79,000. Finally, Cerity Partners LLC bought a new position in Tronox during the second quarter worth $85,000. 73.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 target price on shares of Tronox in a research note on Tuesday, January 27th. Truist Financial lifted their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. The Goldman Sachs Group raised their target price on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, UBS Group lifted their target price on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.35.

Tronox Stock Down 10.3%

TROX opened at $6.53 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. Tronox Holdings PLC has a 12 month low of $2.86 and a 12 month high of $8.80. The stock’s 50 day moving average price is $6.41 and its 200 day moving average price is $4.85. The stock has a market cap of $1.04 billion, a P/E ratio of -2.20 and a beta of 1.11.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The business had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. As a group, research analysts predict that Tronox Holdings PLC will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio is currently -6.73%.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.