Savant Capital LLC Invests $291,000 in Tronox Holdings PLC $TROX

Savant Capital LLC purchased a new stake in Tronox Holdings PLC (NYSE:TROX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 57,304 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Shields Capital Management LLC acquired a new position in shares of Tronox in the second quarter valued at approximately $2,976,000. IFG Advisory LLC bought a new stake in Tronox in the 2nd quarter valued at $223,000. Wolverine Asset Management LLC boosted its stake in Tronox by 53.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 142,482 shares of the company’s stock valued at $722,000 after purchasing an additional 49,610 shares during the period. Amplius Wealth Advisors LLC acquired a new position in Tronox in the 2nd quarter valued at $64,000. Finally, Lightrock Netherlands B.V. increased its position in Tronox by 6.9% during the 2nd quarter. Lightrock Netherlands B.V. now owns 1,772,579 shares of the company’s stock worth $8,987,000 after buying an additional 115,000 shares during the period. 73.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TROX has been the subject of a number of recent research reports. Mizuho reduced their target price on shares of Tronox from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, November 6th. Morgan Stanley decreased their target price on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Alembic Global Advisors reiterated an “overweight” rating and issued a $6.00 price target on shares of Tronox in a research report on Monday, September 15th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Finally, UBS Group lowered their price objective on Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.92.

Tronox Stock Performance

NYSE TROX opened at $3.08 on Wednesday. The firm’s 50 day simple moving average is $3.90 and its 200 day simple moving average is $4.58. The firm has a market capitalization of $487.86 million, a price-to-earnings ratio of -1.95 and a beta of 1.37. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $12.72.

Tronox (NYSE:TROX) last released its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. As a group, research analysts expect that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Monday, November 10th. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

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.