Barclays Has Lowered Expectations for Kronos Worldwide (NYSE:KRO) Stock Price

Kronos Worldwide (NYSE:KRO - Get Free Report) had its target price dropped by equities researchers at Barclays from $10.00 to $7.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an "underweight" rating on the specialty chemicals company's stock. Barclays's price objective would suggest a potential upside of 10.41% from the stock's current price.

Several other equities research analysts also recently issued reports on KRO. Wall Street Zen downgraded Kronos Worldwide from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group decreased their price target on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a report on Wednesday, May 14th.

Kronos Worldwide Stock Down 2.2%

Shares of NYSE:KRO traded down $0.14 during trading on Wednesday, reaching $6.34. 227,507 shares of the stock were exchanged, compared to its average volume of 212,809. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. Kronos Worldwide has a 1-year low of $6.19 and a 1-year high of $14.50. The stock has a fifty day moving average of $7.13 and a two-hundred day moving average of $8.74. The firm has a market cap of $729.33 million, a price-to-earnings ratio of 7.83 and a beta of 1.22.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $466.56 million.

Insider Transactions at Kronos Worldwide

In related news, Director Kevin B. Kramer purchased 14,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of $7.43 per share, with a total value of $104,020.00. Following the transaction, the director now directly owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On Kronos Worldwide

Several large investors have recently modified their holdings of KRO. Federated Hermes Inc. purchased a new position in Kronos Worldwide in the 4th quarter worth about $25,000. KLP Kapitalforvaltning AS purchased a new position in Kronos Worldwide in the 4th quarter worth about $30,000. Aquatic Capital Management LLC raised its position in Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 1,883 shares during the last quarter. Quantbot Technologies LP purchased a new position in Kronos Worldwide in the 1st quarter worth about $29,000. Finally, State of Wyoming raised its position in Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock worth $49,000 after buying an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company's stock.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.