Kronos Worldwide Inc (NYSE:KRO) Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in shares of Kronos Worldwide Inc (NYSE:KRO - Free Report) by 365.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,255 shares of the specialty chemicals company's stock after acquiring an additional 41,805 shares during the quarter. Janney Montgomery Scott LLC's holdings in Kronos Worldwide were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Kronos Worldwide by 21.3% during the 1st quarter. Rhumbline Advisers now owns 42,377 shares of the specialty chemicals company's stock valued at $317,000 after acquiring an additional 7,429 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Kronos Worldwide by 4.3% in the 4th quarter. Squarepoint Ops LLC now owns 85,379 shares of the specialty chemicals company's stock worth $832,000 after buying an additional 3,498 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in Kronos Worldwide by 42.8% in the 4th quarter. Two Sigma Advisers LP now owns 80,100 shares of the specialty chemicals company's stock worth $781,000 after buying an additional 24,000 shares in the last quarter. State of Wyoming lifted its holdings 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 in the last quarter. Finally, Millennium Management LLC lifted its holdings in Kronos Worldwide by 55.8% in the 4th quarter. Millennium Management LLC now owns 192,469 shares of the specialty chemicals company's stock worth $1,877,000 after buying an additional 68,959 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Stock Up 2.7%

Shares of Kronos Worldwide stock traded up $0.17 during trading on Tuesday, reaching $6.50. The company had a trading volume of 172,809 shares, compared to its average volume of 218,059. The company has a market cap of $747.76 million, a price-to-earnings ratio of 7.83 and a beta of 1.12. The firm's fifty day moving average is $6.69 and its 200-day moving average is $7.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 2.62. Kronos Worldwide Inc has a fifty-two week low of $5.86 and a fifty-two week high of $13.77.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its 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 company had revenue of $489.80 million during the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a net margin of 5.07% and a return on equity of 11.71%.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 9th. Kronos Worldwide's dividend payout ratio is presently 24.10%.

Analyst Ratings Changes

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

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.