Knights of Columbus Asset Advisors LLC Invests $749,000 in Tronox Holdings PLC $TROX

Knights of Columbus Asset Advisors LLC acquired a new position in shares of Tronox Holdings PLC (NYSE:TROX) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 147,748 shares of the company’s stock, valued at approximately $749,000.

A number of other hedge funds have also recently bought and sold shares of TROX. Public Employees Retirement System of Ohio boosted its position in Tronox by 48.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock worth $50,000 after acquiring an additional 3,231 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Tronox by 763.5% during the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock worth $65,000 after acquiring an additional 8,070 shares during the last quarter. CWM LLC boosted its position in Tronox by 1,186.7% during the first quarter. CWM LLC now owns 10,731 shares of the company’s stock worth $76,000 after acquiring an additional 9,897 shares during the last quarter. GAMMA Investing LLC boosted its position in Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company’s stock worth $79,000 after acquiring an additional 10,295 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Tronox during the first quarter worth approximately $102,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John D. Romano purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average price of $3.09 per share, with a total value of $309,000.00. Following the purchase, the chief executive officer directly owned 1,333,485 shares of the company’s stock, valued at approximately $4,120,468.65. This represents a 8.11% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter Johnston purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average cost of $3.21 per share, for a total transaction of $64,200.00. Following the purchase, the director directly owned 191,513 shares in the company, valued at $614,756.73. This trade represents a 11.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 184,750 shares of company stock worth $579,714. 1.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

TROX has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of Tronox from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a report on Saturday, September 27th. Morgan Stanley decreased their price target on shares of Tronox from $8.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 6th. The Goldman Sachs Group decreased their price target on shares of Tronox from $7.00 to $4.50 and set a “buy” rating on the stock in a report on Thursday, August 7th. Finally, Alembic Global Advisors reiterated an “overweight” rating and issued a $6.00 price target on shares of Tronox in a report on Monday, September 15th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.10.

Tronox Stock Performance

Shares of TROX stock opened at $3.81 on Wednesday. The company’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $5.06. Tronox Holdings PLC has a 52 week low of $2.95 and a 52 week high of $14.93. The company has a current ratio of 2.10, a quick ratio of 0.52 and a debt-to-equity ratio of 1.64. The company has a market cap of $603.17 million, a PE ratio of -2.41 and a beta of 1.28.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.24). Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $802.03 million. During the same period in the prior year, the business posted $0.07 EPS. The business’s revenue was down 10.9% on a year-over-year basis. Tronox has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Tronox Holdings PLC will post 0.49 EPS for the current year.

Tronox Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, August 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Tronox’s dividend payout ratio (DPR) is currently -12.66%.

Tronox Company Profile

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.