Tronox Holdings plc (NYSE:TROX) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Tronox Holdings plc (NYSE:TROX) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,548 shares of the company’s stock after acquiring an additional 2,488 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tronox were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TROX. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Tronox by 4.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock worth $393,000 after purchasing an additional 1,014 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Tronox by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after acquiring an additional 2,180 shares during the period. nVerses Capital LLC boosted its holdings in shares of Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after acquiring an additional 2,700 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tronox by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock valued at $1,548,000 after acquiring an additional 4,204 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tronox during the second quarter worth about $76,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Stock Performance

NYSE TROX opened at $11.62 on Friday. The business has a 50 day moving average price of $12.74 and a 200 day moving average price of $14.62. The company has a market capitalization of $1.84 billion, a P/E ratio of -24.21 and a beta of 1.59. Tronox Holdings plc has a 1-year low of $10.69 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm had revenue of $804.00 million for the quarter, compared to analyst estimates of $790.63 million. During the same period last year, the firm earned ($0.08) EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Sell-side analysts expect that Tronox Holdings plc will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.30%. Tronox’s dividend payout ratio (DPR) is -104.16%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TROX shares. Barclays reduced their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. BMO Capital Markets decreased their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.00.

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.