Algert Global LLC Purchases 552,845 Shares of Tronox Holdings PLC $TROX

Algert Global LLC grew its position in Tronox Holdings PLC (NYSE:TROX) by 47.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,712,187 shares of the company’s stock after purchasing an additional 552,845 shares during the period. Algert Global LLC owned about 1.08% of Tronox worth $6,883,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Tronox by 203.0% in the 3rd quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after buying an additional 4,378,023 shares during the last quarter. Primecap Management Co. CA lifted its holdings in Tronox by 192.2% during the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock worth $21,560,000 after acquiring an additional 2,797,002 shares during the period. CenterBook Partners LP purchased a new position in Tronox in the third quarter worth $6,552,000. Qube Research & Technologies Ltd boosted its holdings in shares of Tronox by 355.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,650,069 shares of the company’s stock worth $8,366,000 after buying an additional 1,287,755 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Tronox by 97.4% in the second quarter. Marshall Wace LLP now owns 2,587,831 shares of the company’s stock valued at $13,120,000 after acquiring an additional 1,277,175 shares during the period. 73.36% of the stock is owned by institutional investors.

Insider Buying and Selling at Tronox

In other Tronox news, Director Jean Francois Turgeon sold 18,563 shares of Tronox stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total value of $122,515.80. Following the transaction, the director directly owned 754,009 shares of the company’s stock, valued at $4,976,459.40. The trade was a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan Flood sold 8,008 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.58, for a total transaction of $52,692.64. Following the completion of the transaction, the insider owned 92,861 shares in the company, valued at $611,025.38. This represents a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 172,711 shares of company stock worth $1,145,137 over the last quarter. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

TROX has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. UBS Group increased 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. Truist Financial raised their price target on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. The Goldman Sachs Group upped their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.35.

Tronox Stock Performance

Tronox stock opened at $6.69 on Tuesday. The firm has a fifty day simple moving average of $6.72 and a two-hundred day simple moving average of $4.97. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. Tronox Holdings PLC has a twelve month low of $2.86 and a twelve month high of $8.80. The company has a market capitalization of $1.06 billion, a PE ratio of -2.25 and a beta of 1.11.

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

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio (DPR) is presently -6.73%.

Tronox Profile

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.