Janney Montgomery Scott LLC Grows Stock Position in Kronos Worldwide Inc (NYSE:KRO)

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

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock valued at $30,859,000 after purchasing an additional 109,674 shares in the last quarter. Vanguard Group Inc. grew its stake in Kronos Worldwide by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company's stock valued at $21,625,000 after purchasing an additional 13,869 shares in the last quarter. Boston Partners grew its stake in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company's stock valued at $13,765,000 after purchasing an additional 629,387 shares in the last quarter. Renaissance Technologies LLC grew its stake in Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company's stock valued at $7,159,000 after purchasing an additional 31,830 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Kronos Worldwide by 2.1% in the fourth quarter. First Eagle Investment Management LLC now owns 489,177 shares of the specialty chemicals company's stock valued at $4,769,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on KRO. Wall Street Zen downgraded Kronos Worldwide from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. The Goldman Sachs Group reduced their target price 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. Finally, Barclays reduced their target price 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.

Kronos Worldwide Price Performance

KRO traded down $0.04 on Friday, reaching $6.54. The stock had a trading volume of 104,124 shares, compared to its average volume of 217,754. Kronos Worldwide Inc has a fifty-two week low of $5.86 and a fifty-two week high of $13.77. The firm has a 50-day moving average of $6.74 and a 200-day moving average of $7.92. The company has a current ratio of 2.62, a quick ratio of 0.99 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $752.36 million, a price-to-earnings ratio of 7.88 and a beta of 1.12.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Kronos Worldwide had a net margin of 5.07% and a return on equity of 11.71%. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $466.56 million.

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Monday, June 9th. Kronos Worldwide's dividend payout ratio (DPR) is currently 24.10%.

Kronos Worldwide 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.