40,029 Shares in Tronox Holdings plc (NYSE:TROX) Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new stake in Tronox Holdings plc (NYSE:TROX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 40,029 shares of the company’s stock, valued at approximately $403,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP increased its holdings in shares of Tronox by 98.6% in the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock worth $2,559,000 after buying an additional 86,852 shares during the last quarter. Royce & Associates LP raised its position in Tronox by 20.8% during the third quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock valued at $7,221,000 after purchasing an additional 84,830 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after purchasing an additional 22,165 shares in the last quarter. Algert Global LLC increased its position in shares of Tronox by 127.2% during the 2nd quarter. Algert Global LLC now owns 309,051 shares of the company’s stock valued at $4,849,000 after purchasing an additional 173,054 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock valued at $22,497,000 after buying an additional 543,091 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TROX. BMO Capital Markets cut their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. The Goldman Sachs Group cut their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Barclays decreased their price target on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Tronox has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Tronox Price Performance

TROX opened at $10.26 on Friday. The stock’s 50 day moving average price is $10.66 and its 200-day moving average price is $12.63. Tronox Holdings plc has a 52-week low of $8.73 and a 52-week high of $20.70. The stock has a market capitalization of $1.62 billion, a PE ratio of -21.38 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The company had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. During the same quarter last year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts predict that Tronox Holdings plc will post -0.05 EPS for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.87%. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

About 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.