UBS AG reaffirmed their sell rating on shares of Tronox Ltd (NASDAQ:TROX) in a research report report published on Wednesday. UBS AG currently has a $16.00 price target on the stock, up from their previous price target of $15.00.

Separately, BidaskClub raised shares of Tronox from a buy rating to a strong-buy rating in a research report on Wednesday, September 13th.

Tronox (NASDAQ:TROX) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.16. The company had revenue of $622.00 million during the quarter, compared to analysts’ expectations of $601.55 million. During the same period last year, the firm earned ($0.43) earnings per share. Tronox’s revenue was up 15.6% on a year-over-year basis.

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The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 21st were given a $0.045 dividend. The ex-dividend date was Thursday, August 17th. This represents a $0.18 dividend on an annualized basis and a yield of 0.82%.

In other Tronox news, Director Timothy C. Carlson bought 25,000 shares of Tronox stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $18.84 per share, with a total value of $471,000.00. Following the completion of the acquisition, the director now owns 61,585 shares of the company’s stock, valued at $1,160,261.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $20.70, for a total transaction of $253,140.30. Following the completion of the sale, the senior vice president now directly owns 175,528 shares of the company’s stock, valued at $3,633,429.60. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Tronox by 0.7% in the second quarter. The Manufacturers Life Insurance Company now owns 48,279 shares of the company’s stock valued at $731,000 after buying an additional 350 shares during the last quarter. Credit Capital Investments LLC raised its holdings in shares of Tronox by 0.4% in the second quarter. Credit Capital Investments LLC now owns 616,647 shares of the company’s stock valued at $9,324,000 after buying an additional 2,516 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Tronox by 11.3% in the second quarter. Voya Investment Management LLC now owns 30,097 shares of the company’s stock valued at $455,000 after buying an additional 3,063 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Tronox by 6.0% in the second quarter. Stifel Financial Corp now owns 77,375 shares of the company’s stock valued at $1,179,000 after buying an additional 4,400 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Tronox by 7.9% in the second quarter. Sterling Capital Management LLC now owns 89,302 shares of the company’s stock valued at $1,350,000 after buying an additional 6,523 shares during the last quarter.

About Tronox

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.

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