Allworth Financial LP raised its position in shares of Kronos Worldwide Inc (NYSE:KRO - Free Report) by 260.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,501 shares of the specialty chemicals company's stock after buying an additional 49,501 shares during the quarter. Allworth Financial LP owned about 0.06% of Kronos Worldwide worth $528,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in KRO. Federated Hermes Inc. bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $25,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $30,000. Aquatic Capital Management LLC lifted its stake in shares of 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 valued at $31,000 after purchasing an additional 1,883 shares during the last quarter. State of Wyoming lifted its stake in shares of Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock valued at $49,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 15.11% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on KRO. The Goldman Sachs Group lowered their price objective on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a research note on Wednesday, May 14th. Barclays decreased their price target on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, May 28th. Finally, Wall Street Zen lowered Kronos Worldwide from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th.
View Our Latest Report on KRO
Kronos Worldwide Price Performance
Shares of KRO stock opened at $6.45 on Tuesday. Kronos Worldwide Inc has a 52-week low of $5.86 and a 52-week high of $13.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.62. The firm has a market capitalization of $741.43 million, a P/E ratio of 7.77 and a beta of 1.12. The stock has a 50 day moving average price of $6.63 and a 200 day moving average price of $7.78.
Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $466.56 million. Kronos Worldwide had a return on equity of 11.71% and a net margin of 5.07%.
Kronos Worldwide Dividend Announcement
The company 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. The ex-dividend date was Monday, June 9th. This represents a $0.20 annualized dividend and a yield of 3.10%. Kronos Worldwide's payout ratio is currently 24.10%.
Kronos Worldwide Company Profile
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Free Report)
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.
Further Reading
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