Equitable Trust Co. Acquires 11,275 Shares of Tronox Holdings plc (NYSE:TROX)

Equitable Trust Co. lifted its stake in Tronox Holdings plc (NYSE:TROX) by 31.7% during the 4th quarter, Holdings Channel reports. The firm owned 46,790 shares of the company’s stock after acquiring an additional 11,275 shares during the period. Equitable Trust Co.’s holdings in Tronox were worth $471,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in Tronox by 4.7% in the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after purchasing an additional 1,073,674 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Tronox by 0.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company’s stock valued at $63,223,000 after buying an additional 23,686 shares during the period. Geode Capital Management LLC increased its position in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after buying an additional 22,165 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Tronox by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company’s stock worth $32,365,000 after acquiring an additional 112,010 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Tronox by 54.6% during the third quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after acquiring an additional 543,091 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Stock Performance

Shares of TROX stock opened at $9.90 on Wednesday. Tronox Holdings plc has a 12 month low of $8.73 and a 12 month high of $20.70. The company’s fifty day simple moving average is $10.22 and its 200-day simple moving average is $12.09. The firm has a market cap of $1.56 billion, a PE ratio of -20.62 and a beta of 1.60. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Analyst Ratings Changes

Several equities research analysts have issued reports on TROX shares. Morgan Stanley lowered their price target on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Truist Financial assumed coverage on Tronox in a research note on Tuesday, January 28th. They set a “buy” rating and a $17.00 target price for the company. The Goldman Sachs Group reduced their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. BMO Capital Markets dropped their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, Barclays cut their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Tronox has a consensus rating of “Moderate Buy” and a consensus price target of $16.57.

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.