Aristotle Capital Boston LLC grew its stake in Tronox Ltd (OTCMKTS:TROX) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,704 shares of the basic materials company’s stock after purchasing an additional 9,582 shares during the quarter. Aristotle Capital Boston LLC owned approximately 0.08% of Tronox worth $1,108,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Tronox by 1.5% in the second quarter. FMR LLC now owns 13,795,965 shares of the basic materials company’s stock worth $271,504,000 after buying an additional 200,983 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Tronox by 1.6% in the third quarter. BlackRock Inc. now owns 6,303,518 shares of the basic materials company’s stock worth $75,327,000 after buying an additional 100,185 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in shares of Tronox by 13.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 2,272,173 shares of the basic materials company’s stock worth $44,716,000 after buying an additional 275,000 shares in the last quarter. Luminus Management LLC lifted its stake in shares of Tronox by 38.0% in the second quarter. Luminus Management LLC now owns 1,870,683 shares of the basic materials company’s stock worth $36,815,000 after buying an additional 514,908 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in shares of Tronox by 125.7% in the second quarter. Point72 Asset Management L.P. now owns 1,219,480 shares of the basic materials company’s stock worth $23,999,000 after buying an additional 679,161 shares in the last quarter.
Shares of TROX stock opened at $7.30 on Monday. Tronox Ltd has a fifty-two week low of $6.46 and a fifty-two week high of $22.15.
Tronox (OTCMKTS:TROX) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $456.00 million during the quarter, compared to analyst estimates of $456.91 million. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 EPS.
The company also recently declared a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Monday, November 26th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, November 23rd.
A number of equities analysts have commented on the stock. UBS Group set a $10.00 target price on shares of Tronox and gave the stock a “sell” rating in a research note on Thursday. Alembic Global Advisors set a $35.00 target price on shares of Tronox and gave the stock a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research raised shares of Tronox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 15th. BMO Capital Markets reduced their target price on shares of Tronox to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 2nd. Finally, Morgan Stanley set a $16.00 target price on shares of Tronox and gave the stock a “hold” rating in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $22.80.
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Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
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