Tronox Holdings plc (NYSE:TROX) Shares Acquired by American Century Companies Inc.

Sep 02, 2023

American Century Companies Inc. raised its holdings in shares of Tronox Holdings plc (NYSE:TROX - Free Report) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,550,576 shares of the company's stock after purchasing an additional 283,293 shares during the period. American Century Companies Inc. owned 0.99% of Tronox worth $22,228,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. 44 Wealth Management LLC increased its position in shares of Tronox by 1.8% during the first quarter. 44 Wealth Management LLC now owns 48,325 shares of the company's stock worth $695,000 after purchasing an additional 843 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Tronox by 2.7% during the first quarter. Arizona State Retirement System now owns 33,567 shares of the company's stock valued at $483,000 after buying an additional 884 shares during the last quarter. Mendota Financial Group LLC grew its holdings in shares of Tronox by 37.7% during the first quarter. Mendota Financial Group LLC now owns 3,322 shares of the company's stock valued at $66,000 after buying an additional 910 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Tronox by 0.6% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 192,092 shares of the company's stock valued at $2,762,000 after buying an additional 1,075 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Tronox by 41.5% during the first quarter. US Bancorp DE now owns 3,773 shares of the company's stock valued at $54,000 after buying an additional 1,106 shares during the last quarter. 70.22% of the stock is owned by institutional investors and hedge funds.

NYSE:TROX opened at $13.55 on Thursday. Tronox Holdings plc has a one year low of $10.58 and a one year high of $17.61. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 2.22. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -15.22, a PEG ratio of 3.21 and a beta of 1.93. The firm's fifty day moving average is $13.17 and its two-hundred day moving average is $13.34.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.11). Tronox had a negative net margin of 4.60% and a positive return on equity of 5.60%. The business had revenue of $794.00 million during the quarter, compared to analysts' expectations of $821.82 million. During the same period in the previous year, the company posted $0.84 earnings per share. Tronox's revenue for the quarter was down 16.0% compared to the same quarter last year. Research analysts expect that Tronox Holdings plc will post 0.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 14th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, August 11th. Tronox's payout ratio is currently -56.18%.

A number of equities research analysts have recently weighed in on TROX shares. Morgan Stanley reissued an "equal weight" rating and set a $16.00 price objective on shares of Tronox in a report on Tuesday, August 1st. StockNews.com started coverage on shares of Tronox in a report on Sunday, August 20th. They set a "sell" rating on the stock. Credit Suisse Group raised shares of Tronox from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $12.00 to $13.00 in a report on Tuesday, August 8th. Finally, BMO Capital Markets lowered their price target on shares of Tronox from $15.00 to $13.00 and set a "market perform" rating on the stock in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $16.00.

View Our Latest Stock Analysis on 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.

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