Tronox Holdings PLC $TROX Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Tronox Holdings PLC (NYSE:TROX) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,164 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Tronox were worth $3,023,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Evergreen Capital Management LLC acquired a new position in Tronox in the 4th quarter valued at about $197,000. Lightrock Netherlands B.V. grew its position in Tronox by 66.8% in the 4th quarter. Lightrock Netherlands B.V. now owns 3,051,286 shares of the company’s stock valued at $12,724,000 after acquiring an additional 1,222,115 shares in the last quarter. Oak Thistle LLC acquired a new position in Tronox in the 4th quarter valued at about $59,000. Pacific Sage Partners LLC acquired a new position in Tronox in the 4th quarter valued at about $46,000. Finally, Shah Capital Management grew its position in Tronox by 650.0% in the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after acquiring an additional 2,600,000 shares in the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TROX has been the subject of several research reports. UBS Group lifted their target price on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Monday, April 20th. Mizuho lifted their price objective on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a research note on Monday, March 23rd. Truist Financial cut Tronox from a “hold” rating to a “sell” rating and decreased their price objective for the company from $9.00 to $8.00 in a research note on Tuesday. Finally, Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a research note on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tronox has an average rating of “Hold” and an average price target of $6.55.

Insider Activity

In related news, Director Jean Francois Turgeon sold 18,563 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.60, for a total transaction of $122,515.80. Following the completion of the sale, the director owned 754,009 shares in the company, valued at $4,976,459.40. The trade was a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan Flood sold 8,008 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.58, for a total value of $52,692.64. Following the sale, the insider owned 92,861 shares of the company’s stock, valued at approximately $611,025.38. The trade was a 7.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,711 shares of company stock valued at $1,145,137 over the last 90 days. Insiders own 2.00% of the company’s stock.

Tronox Stock Performance

Shares of TROX opened at $10.00 on Friday. The stock has a 50-day simple moving average of $8.37 and a 200-day simple moving average of $6.04. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. The stock has a market capitalization of $1.58 billion, a PE ratio of -3.37 and a beta of 0.93. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $10.59.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The company had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, analysts predict that Tronox Holdings PLC will post -1.11 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Monday, May 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 2.0%. Tronox’s payout ratio is presently -6.73%.

Tronox Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO?, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.