JPMorgan Chase & Co. Reduces Holdings in Tronox Holdings PLC $TROX

JPMorgan Chase & Co. reduced its stake in Tronox Holdings PLC (NYSE:TROX) by 59.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 625,842 shares of the company’s stock after selling 909,659 shares during the period. JPMorgan Chase & Co. owned about 0.39% of Tronox worth $2,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in shares of Tronox by 693.0% during the third quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock worth $1,886,000 after purchasing an additional 409,902 shares during the period. Counterpoint Mutual Funds LLC lifted its holdings in Tronox by 887.3% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 689,150 shares of the company’s stock worth $2,770,000 after buying an additional 619,351 shares during the period. Algert Global LLC grew its position in shares of Tronox by 47.7% in the 3rd quarter. Algert Global LLC now owns 1,712,187 shares of the company’s stock worth $6,883,000 after buying an additional 552,845 shares during the last quarter. Inspire Advisors LLC increased its stake in shares of Tronox by 20.2% during the third quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after buying an additional 93,012 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Tronox by 203.0% during the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock valued at $26,270,000 after acquiring an additional 4,378,023 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

Shares of TROX stock opened at $9.15 on Monday. The business’s fifty day moving average is $7.51 and its 200 day moving average is $5.35. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -3.08 and a beta of 0.93. Tronox Holdings PLC has a twelve month low of $2.86 and a twelve month high of $9.94.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The business 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 business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Research analysts expect that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Monday, February 23rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, February 23rd. Tronox’s dividend payout ratio is -6.73%.

Insiders Place Their Bets

In other Tronox news, insider Jonathan Flood sold 8,008 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were 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 of the company’s stock, valued at approximately $611,025.38. This trade represents a 7.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey N. Neuman sold 22,965 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total value of $151,339.35. Following the completion of the sale, the senior vice president directly owned 248,831 shares in the company, valued at approximately $1,639,796.29. This represents a 8.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 172,711 shares of company stock valued at $1,145,137. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TROX shares. 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. Mizuho upped their price objective on shares of Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Zacks Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 price target on shares of Tronox in a research report on Tuesday, January 27th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Tronox presently has an average rating of “Hold” and a consensus target price of $6.40.

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.