AE Wealth Management LLC Acquires New Shares in Tronox Holdings plc (NYSE:TROX)

AE Wealth Management LLC bought a new stake in Tronox Holdings plc (NYSE:TROXGet Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,988 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors have also recently bought and sold shares of TROX. FMR LLC boosted its stake in shares of Tronox by 21.4% in the 2nd quarter. FMR LLC now owns 20,068,588 shares of the company’s stock valued at $337,152,000 after purchasing an additional 3,543,043 shares in the last quarter. Luminus Management LLC grew its stake in shares of Tronox by 90.1% during the second quarter. Luminus Management LLC now owns 1,676,936 shares of the company’s stock worth $28,172,000 after buying an additional 794,715 shares during the last quarter. Invesco Ltd. grew its stake in shares of Tronox by 435.7% during the first quarter. Invesco Ltd. now owns 783,543 shares of the company’s stock worth $15,507,000 after buying an additional 637,288 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Tronox by 143.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,017,417 shares of the company’s stock worth $20,135,000 after buying an additional 599,540 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Tronox by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 11,688,618 shares of the company’s stock valued at $231,318,000 after acquiring an additional 401,480 shares during the last quarter. Institutional investors and hedge funds own 67.30% of the company’s stock.

Tronox Stock Performance

TROX stock opened at $16.17 on Friday. The firm has a market cap of $2.50 billion, a PE ratio of 4.30, a price-to-earnings-growth ratio of 2.34 and a beta of 1.80. The company has a current ratio of 2.35, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $14.40 and a 200-day moving average price of $14.22. Tronox Holdings plc has a 1-year low of $11.09 and a 1-year high of $24.43.

Tronox (NYSE:TROXGet Rating) last issued its earnings results on Wednesday, October 26th. The company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.09). The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $953.30 million. Tronox had a return on equity of 19.19% and a net margin of 16.13%. As a group, equities research analysts expect that Tronox Holdings plc will post 2.29 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Monday, November 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, November 10th. Tronox’s dividend payout ratio is presently 13.30%.

Analyst Ratings Changes

Several research firms have recently weighed in on TROX. Credit Suisse Group assumed coverage on Tronox in a report on Tuesday, November 1st. They set an “underperform” rating and a $10.00 price target on the stock. Morgan Stanley dropped their price target on shares of Tronox from $26.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Tronox from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, October 3rd. Barclays lowered their target price on Tronox from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Tuesday, September 27th. Finally, StockNews.com initiated coverage on Tronox in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.88.

Insiders Place Their Bets

In related news, CFO Timothy C. Carlson acquired 5,000 shares of the company’s stock in a transaction dated Friday, October 28th. The shares were purchased at an average price of $11.88 per share, for a total transaction of $59,400.00. Following the completion of the acquisition, the chief financial officer now owns 334,326 shares of the company’s stock, valued at $3,971,792.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Tronox news, SVP Jeffrey N. Neuman purchased 4,000 shares of Tronox stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of $11.89 per share, with a total value of $47,560.00. Following the transaction, the senior vice president now owns 193,312 shares in the company, valued at approximately $2,298,479.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Timothy C. Carlson acquired 5,000 shares of the stock in a transaction on Friday, October 28th. The shares were acquired at an average price of $11.88 per share, for a total transaction of $59,400.00. Following the acquisition, the chief financial officer now owns 334,326 shares of the company’s stock, valued at approximately $3,971,792.88. The disclosure for this purchase can be found here. Corporate insiders own 1.60% of the company’s stock.

About Tronox

(Get Rating)

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; titanium tetrachloride; and other products.

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Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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