Algert Global LLC Acquires 552,845 Shares of Tronox Holdings PLC $TROX

Algert Global LLC boosted its holdings in shares of Tronox Holdings PLC (NYSE:TROX) by 47.7% during the third quarter, Holdings Channel reports. The firm owned 1,712,187 shares of the company’s stock after acquiring an additional 552,845 shares during the quarter. Algert Global LLC’s holdings in Tronox were worth $6,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in Tronox by 192.2% in the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock valued at $21,560,000 after acquiring an additional 2,797,002 shares in the last quarter. Citigroup Inc. increased its position in Tronox by 693.0% during the 3rd quarter. Citigroup Inc. now owns 469,051 shares of the company’s stock valued at $1,886,000 after purchasing an additional 409,902 shares during the period. Franklin Resources Inc. raised its holdings in Tronox by 1,712.8% in the 2nd quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock worth $4,302,000 after purchasing an additional 801,620 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Tronox by 244.6% in the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock worth $746,000 after purchasing an additional 104,381 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Tronox in the 2nd quarter worth about $395,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Down 4.2%

Shares of Tronox stock opened at $6.69 on Tuesday. Tronox Holdings PLC has a 1 year low of $2.86 and a 1 year high of $8.80. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -2.25 and a beta of 1.11. The company has a 50-day moving average of $6.72 and a 200 day moving average of $4.97. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business had revenue of $730.00 million for the quarter, compared to the consensus estimate of $730.22 million. During the same period in the previous year, the firm earned $0.03 EPS. The company’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Tronox Holdings PLC will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Monday, February 23rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Tronox’s payout ratio is currently -6.73%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TROX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. UBS Group raised their price objective on shares of Tronox from $5.25 to $7.50 and gave the stock a “neutral” rating in a report on Thursday, February 26th. Truist Financial lifted their price objective on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Zacks Research upgraded Tronox from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Mizuho increased their target price on Tronox from $4.00 to $4.50 and gave the stock an “underperform” rating in a research report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $6.35.

Insider Buying and Selling

In related news, SVP Jeffrey N. Neuman sold 22,965 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $151,339.35. Following the completion of the transaction, the senior vice president owned 248,831 shares of the company’s stock, valued at $1,639,796.29. This trade represents a 8.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John D. Romano sold 101,600 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $669,544.00. Following the transaction, the chief executive officer directly owned 1,473,740 shares of the company’s stock, valued at approximately $9,711,946.60. This trade represents a 6.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,711 shares of company stock worth $1,145,137 over the last three months. Corporate insiders own 1.70% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.