UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.08 Million Stock Holdings in Tronox Holdings plc (NYSE:TROX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Tronox Holdings plc (NYSE:TROX) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 278,881 shares of the company’s stock after selling 3,479 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.18% of Tronox worth $4,080,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Tronox in the second quarter worth approximately $76,000. Headlands Technologies LLC acquired a new position in shares of Tronox in the second quarter worth approximately $83,000. nVerses Capital LLC acquired a new position in shares of Tronox in the second quarter worth approximately $121,000. MQS Management LLC acquired a new position in shares of Tronox in the second quarter worth approximately $195,000. Finally, Entropy Technologies LP acquired a new position in shares of Tronox in the third quarter worth approximately $190,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TROX has been the topic of a number of recent analyst reports. BMO Capital Markets cut their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Barclays dropped 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. The Goldman Sachs Group dropped their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Finally, UBS Group raised 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 note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Tronox has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Tronox Trading Down 2.7 %

NYSE TROX opened at $10.68 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -22.25 and a beta of 1.59. Tronox Holdings plc has a 52 week low of $10.68 and a 52 week high of $20.70. The business has a 50 day moving average price of $12.50 and a 200-day moving average price of $14.45. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (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 for the quarter, compared to the consensus estimate of $790.63 million. During the same quarter last year, the company posted ($0.08) EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, equities analysts expect that Tronox Holdings plc will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.68%. Tronox’s dividend payout ratio (DPR) is currently -104.17%.

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.