Tronox Holdings plc (NYSE:TROX) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Tronox Holdings plc (NYSE:TROX – Get Rating) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 279,700 shares of the company’s stock after purchasing an additional 2,600 shares during the quarter. Swiss National Bank’s holdings in Tronox were worth $3,835,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Arizona State Retirement System raised its holdings in Tronox by 2.9% in the fourth quarter. Arizona State Retirement System now owns 32,683 shares of the company’s stock valued at $448,000 after acquiring an additional 925 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Tronox by 54.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 5,596 shares of the company’s stock valued at $77,000 after acquiring an additional 1,962 shares in the last quarter. ProShare Advisors LLC raised its holdings in Tronox by 16.7% in the fourth quarter. ProShare Advisors LLC now owns 15,056 shares of the company’s stock valued at $206,000 after acquiring an additional 2,157 shares in the last quarter. SG Americas Securities LLC raised its holdings in Tronox by 8.2% in the fourth quarter. SG Americas Securities LLC now owns 28,886 shares of the company’s stock valued at $396,000 after acquiring an additional 2,185 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new stake in Tronox in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 67.30% of the company’s stock.

Insider Transactions at Tronox

In other news, CEO Jean Francois Turgeon sold 93,942 shares of the firm’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $15.51, for a total transaction of $1,457,040.42. Following the transaction, the chief executive officer now directly owns 756,732 shares in the company, valued at $11,736,913.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Timothy C. Carlson sold 32,163 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $15.52, for a total transaction of $499,169.76. Following the completion of the sale, the chief financial officer now directly owns 358,106 shares of the company’s stock, valued at $5,557,805.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jean Francois Turgeon sold 93,942 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $15.51, for a total value of $1,457,040.42. Following the sale, the chief executive officer now directly owns 756,732 shares of the company’s stock, valued at $11,736,913.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 195,487 shares of company stock worth $3,032,725. Insiders own 1.60% of the company’s stock.

Tronox Stock Performance

Shares of Tronox stock opened at $11.82 on Friday. The company has a quick ratio of 0.73, a current ratio of 2.21 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $1.85 billion, a P/E ratio of 3.69, a P/E/G ratio of 0.96 and a beta of 1.88. The firm’s 50 day moving average is $13.17 and its two-hundred day moving average is $14.30. Tronox Holdings plc has a 52 week low of $10.75 and a 52 week high of $19.91.

Tronox (NYSE:TROX – Get Rating) last announced its earnings results on Wednesday, April 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $708.00 million for the quarter, compared to analyst estimates of $683.96 million. Tronox had a net margin of 15.77% and a return on equity of 10.12%. The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Research analysts forecast that Tronox Holdings plc will post 1.42 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Monday, May 15th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, May 12th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.23%. Tronox’s dividend payout ratio (DPR) is presently 15.63%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Tronox in a report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tronox from $18.00 to $17.00 in a report on Tuesday, May 2nd. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $10.00 price target on shares of Tronox in a research note on Thursday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Tronox has an average rating of “Hold” and an average price target of $16.75.

Tronox Profile

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Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in 2006 and is headquartered in Stamford, CT.