Natixis Advisors L.P. Increases Position in Tronox Holdings plc (NYSE:TROX)
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Natixis Advisors L.P. grew its holdings in Tronox Holdings plc (NYSE:TROX – Free Report) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,197 shares of the company’s stock after purchasing an additional 1,726 shares during the quarter. Natixis Advisors L.P.’s holdings in Tronox were worth $314,000 as of its most recent SEC filing. A number of other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its position in Tronox by 42.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company’s stock worth $16,266,000 after buying an additional 361,727 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Tronox by 2.5% during the 3rd quarter. Deutsche Bank AG now owns 132,869 shares of the company’s stock worth $1,786,000 after acquiring an additional 3,238 shares during the period. American Century Companies Inc. raised its holdings in shares of Tronox by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 1,851,361 shares of the company’s stock worth $24,882,000 after acquiring an additional 169,544 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Tronox by 371.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 551,920 shares of the company’s stock valued at $7,418,000 after acquiring an additional 434,900 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Tronox by 0.3% in the third quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock valued at $167,677,000 after purchasing an additional 41,481 shares during the period. 73.36% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several research firms have weighed in on TROX. BMO Capital Markets boosted their target price on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays upped their price objective on Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. The Goldman Sachs Group raised their target price on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.43. Get Our Latest Research Report on TROX Tronox Trading Up 1.0 % TROX opened at $19.39 on Monday. The company has a quick ratio of 1.09, a current ratio of 3.12 and a debt-to-equity ratio of 1.44. The firm has a market cap of $3.06 billion, a P/E ratio of -8.70, a P/E/G ratio of 22.11 and a beta of 1.91. Tronox Holdings plc has a 52 week low of $10.08 and a 52 week high of $19.75. The business has a fifty day simple moving average of $17.41 and a 200-day simple moving average of $14.82. Tronox (NYSE:TROX – Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s revenue was up 9.3% compared to the same quarter last year. On average, equities analysts expect that Tronox Holdings plc will post 0.71 earnings per share for the current year. Tronox Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, May 17th. Tronox’s dividend payout ratio is currently -22.42%. Tronox Company Profile (Free Report) 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. See Also Five stocks we like better than Tronox How to Use the MarketBeat Excel Dividend Calculator MarketBeat Week in Review – 5/13 – 5/17 Stock Market Upgrades: What Are They? Take-Two Interactive Software Offers 2nd Chance for Investors Why Invest in 5G? How to Invest in 5G Stocks Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook