86,985 Shares in Tronox Holdings PLC $TROX Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Tronox Holdings PLC (NYSE:TROX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 86,985 shares of the company’s stock, valued at approximately $850,000. Jennison Associates LLC owned about 0.05% of Tronox as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in Tronox by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock worth $4,890,000 after purchasing an additional 3,225 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Tronox by 137.9% in the first quarter. Hsbc Holdings PLC now owns 45,365 shares of the company’s stock valued at $444,000 after buying an additional 26,300 shares during the last quarter. R Squared Ltd purchased a new position in shares of Tronox in the first quarter worth about $155,000. Abel Hall LLC purchased a new position in shares of Tronox in the first quarter worth about $121,000. Finally, Alpine Global Management LLC boosted its position in Tronox by 897.4% during the fourth quarter. Alpine Global Management LLC now owns 21,531 shares of the company’s stock worth $90,000 after acquiring an additional 24,231 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Weiss Ratings downgraded shares of Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Wall Street Zen cut Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. UBS Group upped their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Truist Financial raised Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a report on Thursday, June 11th. Finally, The Goldman Sachs Group reduced their price objective on Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $6.79.

Tronox Price Performance

Tronox stock opened at $6.64 on Thursday. Tronox Holdings PLC has a 12-month low of $2.86 and a 12-month high of $10.59. The stock has a market cap of $1.06 billion, a P/E ratio of -2.27 and a beta of 0.80. The company has a 50-day moving average price of $7.10 and a 200 day moving average price of $7.49. The company has a current ratio of 2.42, a quick ratio of 0.66 and a debt-to-equity ratio of 2.36.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The firm had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.Tronox’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. Sell-side analysts anticipate that Tronox Holdings PLC will post -1.24 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. Tronox’s payout ratio is presently -6.85%.

About Tronox

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.