Investors Research Corp Sells 2,300 Shares of Tronox Holdings plc (NYSE:TROX)

Investors Research Corp reduced its position in Tronox Holdings plc (NYSE:TROX) by 14.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,000 shares of the company’s stock after selling 2,300 shares during the quarter. Investors Research Corp’s holdings in Tronox were worth $141,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Tronox by 98.6% in the third quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after acquiring an additional 86,852 shares during the period. Royce & Associates LP boosted its position in shares of Tronox by 20.8% in the third quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock valued at $7,221,000 after acquiring an additional 84,830 shares during the period. Geode Capital Management LLC boosted its position in shares of Tronox by 0.8% in the third quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after acquiring an additional 22,165 shares during the period. Victory Capital Management Inc. boosted its position in shares of Tronox by 54.6% in the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock valued at $22,497,000 after acquiring an additional 543,091 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Tronox by 18.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 831,254 shares of the company’s stock valued at $12,161,000 after acquiring an additional 126,846 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Tronox Trading Down 3.9 %

TROX stock opened at $7.34 on Tuesday. The company has a market capitalization of $1.16 billion, a PE ratio of -23.68 and a beta of 1.64. Tronox Holdings plc has a one year low of $6.64 and a one year high of $20.70. The company’s 50 day moving average price is $9.17 and its two-hundred day moving average price is $11.32. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. As a group, analysts predict that Tronox Holdings plc will post 0.49 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s dividend payout ratio (DPR) is presently -161.29%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TROX shares. Truist Financial dropped their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. UBS Group dropped their target price on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group dropped their target price on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Tronox has a consensus rating of “Moderate Buy” and an average target price of $15.36.

About Tronox

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.