Kronos Worldwide Inc (NYSE:KRO) Shares Bought by Allworth Financial LP

Allworth Financial LP boosted its stake in shares of Kronos Worldwide Inc (NYSE:KRO - Free Report) by 260.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,501 shares of the specialty chemicals company's stock after purchasing an additional 49,501 shares during the period. Allworth Financial LP owned approximately 0.06% of Kronos Worldwide worth $528,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in Kronos Worldwide by 365.1% during the first quarter. Janney Montgomery Scott LLC now owns 53,255 shares of the specialty chemicals company's stock worth $398,000 after purchasing an additional 41,805 shares during the period. Bank of America Corp DE raised its stake in shares of Kronos Worldwide by 58.0% in the 4th quarter. Bank of America Corp DE now owns 279,891 shares of the specialty chemicals company's stock valued at $2,729,000 after acquiring an additional 102,794 shares during the period. Millennium Management LLC raised its stake in shares of Kronos Worldwide by 55.8% in the 4th quarter. Millennium Management LLC now owns 192,469 shares of the specialty chemicals company's stock valued at $1,877,000 after acquiring an additional 68,959 shares during the period. Luminus Management LLC purchased a new position in shares of Kronos Worldwide in the 4th quarter valued at $2,538,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Kronos Worldwide in the 4th quarter valued at $257,000. Hedge funds and other institutional investors own 15.11% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KRO shares. Wall Street Zen downgraded shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Barclays cut their target price on shares of Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Wednesday, May 28th. Finally, The Goldman Sachs Group cut their target price on shares of Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating on the stock in a research note on Wednesday, May 14th.

Kronos Worldwide Stock Down 4.3%

Kronos Worldwide stock traded down $0.28 during midday trading on Friday, hitting $6.19. 152,501 shares of the stock were exchanged, compared to its average volume of 211,501. Kronos Worldwide Inc has a 1 year low of $5.86 and a 1 year high of $12.98. The firm has a market cap of $711.52 million, a P/E ratio of 7.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.62 and a quick ratio of 0.99. The company has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $7.72.

Kronos Worldwide (NYSE:KRO - Get Free Report) last released 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 11.71% and a net margin of 5.07%. The firm had revenue of $489.80 million for the quarter, compared to analysts' expectations of $466.56 million.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Monday, June 9th. Kronos Worldwide's dividend payout ratio is currently 24.10%.

Kronos Worldwide Company Profile

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.