Hedge Funds Love These 5 Undervalued Mid-Cap Stocks

4. Tronox Holdings plc (NYSE:TROX)

Number of Hedge Fund Holders: 40   

PE Ratio: 10.99 

Tronox Holdings plc (NYSE:TROX) is a commodity chemicals firm. The company has consistently paid a dividend to shareholders for the last nine years. Over the past three years, these payments have registered steady growth. On February 23, the company declared a quarterly dividend of $0.125 per share, an increase of around 25% from the previous dividend of $0.100 per share. The forward yield was 2.37%. The firm also recently secured an incremental loan to redeem $500 million senior notes. 

On February 18, Barclays analyst Duffy Fischer maintained an Overweight rating on Tronox Holdings plc (NYSE:TROX) stock and raised the price target to $27 from $25, backing the firm to  generate more than half its market cap in free cash flow over the next four years. 

Among the hedge funds being tracked by Insider Monkey, Canada-based investment firm Maple Rock Capital is a leading shareholder in Tronox Holdings plc (NYSE:TROX) with 1.8 million shares worth more than $45 million.