Hsbc Holdings PLC purchased a new stake in Tronox Ltd (NYSE:TROX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 484,000 shares of the company’s stock, valued at approximately $3,766,000. Hsbc Holdings PLC owned 0.39% of Tronox as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in TROX. PNC Financial Services Group Inc. lifted its position in shares of Tronox by 3,011.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock worth $32,000 after purchasing an additional 4,065 shares in the last quarter. Investors Research Corp lifted its position in shares of Tronox by 11.0% in the fourth quarter. Investors Research Corp now owns 18,200 shares of the company’s stock worth $142,000 after purchasing an additional 1,800 shares in the last quarter. Windsor Creek Advisors LLC bought a new stake in shares of Tronox in the fourth quarter worth $145,000. Quantum Capital Management lifted its position in shares of Tronox by 28.3% in the fourth quarter. Quantum Capital Management now owns 31,073 shares of the company’s stock worth $242,000 after purchasing an additional 6,861 shares in the last quarter. Finally, Water Island Capital LLC lifted its position in shares of Tronox by 110.0% in the fourth quarter. Water Island Capital LLC now owns 31,500 shares of the company’s stock worth $245,000 after purchasing an additional 16,500 shares in the last quarter. Institutional investors own 68.46% of the company’s stock.
A number of analysts have recently commented on TROX shares. UBS Group set a $10.00 price objective on shares of Tronox and gave the stock a “sell” rating in a research report on Thursday, December 6th. Barclays reaffirmed a “buy” rating and set a $15.00 price target on shares of Tronox in a research report on Wednesday. Alembic Global Advisors reaffirmed a “buy” rating on shares of Tronox in a research report on Monday, December 17th. Finally, Zacks Investment Research raised shares of Tronox from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.75.
In other news, Director Ginger M. Jones purchased 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $11.45 per share, with a total value of $229,000.00. Following the completion of the transaction, the director now owns 41,303 shares of the company’s stock, valued at approximately $472,919.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.
NYSE TROX opened at $11.87 on Friday. The company has a debt-to-equity ratio of 3.64, a quick ratio of 6.88 and a current ratio of 8.48. Tronox Ltd has a 1 year low of $6.46 and a 1 year high of $21.04. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 21.20 and a beta of 3.00.
Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Tronox had a positive return on equity of 7.52% and a negative net margin of 0.38%. The firm had revenue of $429.00 million for the quarter, compared to the consensus estimate of $423.07 million. During the same period last year, the company posted $0.12 earnings per share. The business’s revenue was down 7.5% compared to the same quarter last year. Equities research analysts anticipate that Tronox Ltd will post 0.84 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Monday, March 11th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Friday, March 8th. Tronox’s dividend payout ratio (DPR) is currently 32.14%.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.
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