Tronox Holdings PLC $TROX Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Tronox Holdings PLC (NYSE:TROX) by 78.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 168,477 shares of the company’s stock after acquiring an additional 73,995 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Tronox were worth $854,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tronox by 2.5% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,868,837 shares of the company’s stock worth $20,197,000 after acquiring an additional 69,726 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Tronox by 15.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after purchasing an additional 375,643 shares in the last quarter. Nuveen LLC acquired a new stake in Tronox during the 1st quarter worth about $17,268,000. American Century Companies Inc. lifted its stake in Tronox by 10.3% during the first quarter. American Century Companies Inc. now owns 1,909,098 shares of the company’s stock valued at $13,440,000 after buying an additional 177,787 shares in the last quarter. Finally, Lightrock Netherlands B.V. boosted its holdings in shares of Tronox by 6.9% in the second 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 owned by institutional investors.

Tronox Stock Down 1.4%

TROX stock opened at $3.08 on Wednesday. The stock 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 50-day moving average of $3.90 and a two-hundred day moving average of $4.58. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $12.72. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.10 and a quick ratio of 0.52.

Tronox (NYSE:TROX) last posted its quarterly earnings data 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). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The business had revenue of $699.00 million for the quarter, compared to analyst estimates of $776.21 million. During the same period in the prior year, the firm posted ($0.13) EPS. Tronox’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, November 10th. This represents a $0.20 annualized dividend and a dividend yield of 6.5%. Tronox’s dividend payout ratio (DPR) is presently -9.76%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TROX. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a report on Wednesday, October 8th. Morgan Stanley decreased their target price on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 6th. Alembic Global Advisors reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Tronox in a research note on Monday, September 15th. Mizuho reduced their price objective on Tronox from $3.50 to $3.00 and set an “underperform” rating for the company in a research report on Thursday, November 6th. Finally, The Goldman Sachs Group lowered their target price on Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Tronox presently has a consensus rating of “Hold” and a consensus target price of $4.92.

Tronox 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.