Charles Schwab Investment Management Inc. Acquires 112,010 Shares of Tronox Holdings plc (NYSE:TROX)

Charles Schwab Investment Management Inc. grew its position in shares of Tronox Holdings plc (NYSE:TROX) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,212,221 shares of the company’s stock after buying an additional 112,010 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Tronox were worth $32,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tronox during the second quarter valued at about $76,000. Headlands Technologies LLC bought a new position in shares of Tronox during the second quarter valued at about $83,000. nVerses Capital LLC purchased a new position in shares of Tronox during the second quarter valued at about $121,000. MQS Management LLC purchased a new position in shares of Tronox during the second quarter valued at about $195,000. Finally, Entropy Technologies LP purchased a new position in shares of Tronox during the third quarter valued at about $190,000. 73.36% of the stock is owned by institutional investors.

Tronox Price Performance

Shares of TROX opened at $11.98 on Wednesday. The stock has a market cap of $1.89 billion, a PE ratio of -24.96 and a beta of 1.59. 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 Holdings plc has a fifty-two week low of $10.69 and a fifty-two week high of $20.70. The firm’s 50-day simple moving average is $12.91 and its two-hundred day simple moving average is $14.80.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. Tronox’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. Analysts anticipate that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, November 8th. Tronox’s payout ratio is -104.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TROX shares. Barclays reduced their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group reduced their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. BMO Capital Markets reduced their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and boosted their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Tronox has a consensus rating of “Moderate Buy” and an average price target of $18.00.

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.