Tronox (NYSE:TROX) CEO John Romano Sells 101,600 Shares

Tronox Holdings PLC (NYSE:TROX) CEO John Romano sold 101,600 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.59, for a total value of $669,544.00. Following the completion of the transaction, the chief executive officer directly owned 1,473,740 shares in the company, valued at $9,711,946.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Tronox Stock Up 5.0%

Shares of TROX stock traded up $0.33 during mid-day trading on Monday, hitting $6.87. The company’s stock had a trading volume of 3,144,878 shares, compared to its average volume of 4,205,739. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -2.31 and a beta of 1.11. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.67 and a current ratio of 2.46. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $8.80. The business has a 50-day moving average price of $6.41 and a 200 day moving average price of $4.85.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The business had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.Tronox’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Research analysts predict that Tronox Holdings PLC will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be issued a $0.05 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.20 annualized dividend and a yield of 2.9%. Tronox’s dividend payout ratio (DPR) is currently -6.73%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Tronox in the first quarter worth about $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Tronox by 12.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after purchasing an additional 41,092 shares in the last quarter. Jane Street Group LLC increased its holdings in Tronox by 93.2% during the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock worth $835,000 after purchasing an additional 57,237 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in Tronox during the 2nd quarter valued at $395,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analyst Upgrades and Downgrades

TROX has been the topic of several research reports. Zacks Research raised Tronox from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $8.00 target price on shares of Tronox in a research report on Tuesday, January 27th. UBS Group boosted their price objective on Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research note on Thursday, February 26th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.35.

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.