Boston Partners Boosts Stock Holdings in Kronos Worldwide Inc $KRO

Key Points

• Boston Partners increased its stake in Kronos Worldwide by 11.6%, now owning 1,575,896 shares valued at approximately $11.79 million.
• Kronos Worldwide recently reported an EPS of ($0.08), missing analysts' estimates, with Q2 revenue of $494.4 million compared to expected $508.47 million.
• The company announced a quarterly dividend of $0.05 per share, reflecting an annualized yield of 3.3% and a payout ratio of 34.48%.

Boston Partners lifted its holdings in Kronos Worldwide Inc (NYSE:KRO - Free Report) by 11.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,575,896 shares of the specialty chemicals company's stock after purchasing an additional 163,790 shares during the quarter. Boston Partners owned about 1.37% of Kronos Worldwide worth $11,787,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Kronos Worldwide in the 4th quarter worth $25,000. Aquatic Capital Management LLC lifted its position in Kronos Worldwide by 144.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 1,883 shares during the period. US Bancorp DE lifted its position in Kronos Worldwide by 2,455.6% during the 1st quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company's stock worth $46,000 after acquiring an additional 5,869 shares during the period. State of Wyoming lifted its position in Kronos Worldwide by 28.1% during the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company's stock worth $49,000 after acquiring an additional 1,105 shares during the period. Finally, Lighthouse Investment Partners LLC acquired a new stake in Kronos Worldwide during the 4th quarter worth about $98,000. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Stock Performance

Shares of KRO stock traded down $0.1110 on Wednesday, hitting $6.0990. The company had a trading volume of 131,142 shares, compared to its average volume of 247,121. The firm has a market cap of $701.69 million, a P/E ratio of 10.50 and a beta of 1.09. The company has a 50-day moving average price of $6.09 and a 200-day moving average price of $7.11. The company has a quick ratio of 1.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.59. Kronos Worldwide Inc has a twelve month low of $4.70 and a twelve month high of $12.98.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). The company had revenue of $494.40 million during the quarter, compared to analyst estimates of $508.47 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, September 5th. Kronos Worldwide's payout ratio is currently 34.48%.

Analyst Upgrades and Downgrades

KRO has been the subject of a number of research reports. Wall Street Zen cut Kronos Worldwide from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. The Goldman Sachs Group lowered their price target on Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a research report on Wednesday, May 14th. Finally, Barclays lowered their price target on Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell" and an average target price of $7.75.

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.