Man Group plc Sells 46,889 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Man Group plc trimmed its holdings in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 79.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,854 shares of the specialty chemicals company's stock after selling 46,889 shares during the quarter. Man Group plc's holdings in Kronos Worldwide were worth $116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of 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. Luminus Management LLC acquired a new position in Kronos Worldwide in the 4th quarter worth about $2,538,000. Segall Bryant & Hamill LLC acquired a new position in Kronos Worldwide in the 4th quarter worth about $1,239,000. Dimensional Fund Advisors LP increased its position in Kronos Worldwide by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock worth $30,859,000 after purchasing an additional 109,674 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Kronos Worldwide by 58.0% during 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 last quarter. 15.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

KRO has been the topic of a number of research analyst reports. Wall Street Zen lowered Kronos Worldwide from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. The Goldman Sachs Group cut their target price 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 cut their target price 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.

Kronos Worldwide Trading Down 1.5%

NYSE:KRO traded down $0.09 on Monday, reaching $6.24. The company's stock had a trading volume of 262,917 shares, compared to its average volume of 213,060. Kronos Worldwide, Inc. has a 1-year low of $6.19 and a 1-year high of $14.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The firm has a market cap of $717.36 million, a PE ratio of 7.70 and a beta of 1.22. The business's 50-day moving average price is $7.08 and its two-hundred day moving average price is $8.63.

Kronos Worldwide (NYSE:KRO - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.20 annualized dividend and a yield of 3.21%. Kronos Worldwide's dividend payout ratio is 24.10%.

Insider Buying and Selling at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer bought 14,000 shares of Kronos Worldwide stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $7.43 per share, with a total value of $104,020.00. Following the acquisition, the director now owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.11% of the company's stock.

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.