Bourgeon Capital Management LLC Increases Stake in Tronox Ltd (NYSE:TROX)

Bourgeon Capital Management LLC raised its position in Tronox Ltd (NYSE:TROX) by 65.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,379 shares of the company’s stock after purchasing an additional 15,600 shares during the quarter. Bourgeon Capital Management LLC’s holdings in Tronox were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in TROX. PNC Financial Services Group Inc. boosted its stake in shares of Tronox by 3,011.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock valued at $32,000 after buying an additional 4,065 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Tronox during the 1st quarter valued at $64,000. Daiwa Securities Group Inc. acquired a new stake in shares of Tronox during the 1st quarter valued at $92,000. Investors Research Corp boosted its stake in shares of Tronox by 11.0% during the 4th quarter. Investors Research Corp now owns 18,200 shares of the company’s stock valued at $142,000 after buying an additional 1,800 shares during the period. Finally, Windsor Creek Advisors LLC acquired a new stake in shares of Tronox during the 4th quarter valued at $145,000. Institutional investors own 69.65% of the company’s stock.

In other news, Director Ginger M. Jones bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were purchased at an average price of $11.45 per share, for a total transaction of $229,000.00. Following the acquisition, the director now directly owns 41,303 shares of the company’s stock, valued at approximately $472,919.35. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

TROX traded down $0.01 during trading on Wednesday, hitting $10.94. The stock had a trading volume of 1,505,300 shares, compared to its average volume of 1,516,560. The company has a market capitalization of $1.30 billion, a PE ratio of 19.54 and a beta of 2.99. Tronox Ltd has a 12 month low of $6.46 and a 12 month high of $21.04. The company has a debt-to-equity ratio of 4.80, a current ratio of 5.82 and a quick ratio of 6.88.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.22). The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $414.80 million. Tronox had a return on equity of 5.43% and a net margin of 0.17%. Analysts anticipate that Tronox Ltd will post 0.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a $0.045 dividend. The ex-dividend date is Friday, May 17th. This represents a $0.18 annualized dividend and a yield of 1.65%. Tronox’s dividend payout ratio (DPR) is presently 32.14%.

A number of brokerages have issued reports on TROX. SunTrust Banks lifted their target price on shares of Tronox from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. ValuEngine raised shares of Tronox from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 20th. BMO Capital Markets set a $19.00 price objective on shares of Tronox and gave the company a “buy” rating in a research note on Tuesday, March 19th. Barclays reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Tronox in a research note on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Tronox from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $15.57.

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Tronox Company Profile

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

Further Reading: Correction

Institutional Ownership by Quarter for Tronox (NYSE:TROX)

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