Monaco Asset Management SAM Buys Shares of 152,303 Kronos Worldwide Inc $KRO

Key Points

• Monaco Asset Management SAM initiated a 152,303-share position in Kronos Worldwide during the second quarter, worth approximately $964,000 and representing about 0.13% of the company.
• Kronos Worldwide reported quarterly EPS of $0.13, beating estimates of $0.07, while revenue of $558.1 million exceeded the $484.5 million consensus forecast. The company declared a $0.05 quarterly dividend, equivalent to a 2.4% annual yield.
• KRO recently traded at $8.42, near its 52-week high, but analyst sentiment remained mixed: the stock carried a consensus “Hold” rating and an $8.00 target price, despite some upgrades to “Strong Buy.”

Monaco Asset Management SAM bought a new stake in Kronos Worldwide Inc (NYSE:KRO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 152,303 shares of the specialty chemicals company's stock, valued at approximately $964,000. Kronos Worldwide makes up approximately 0.1% of Monaco Asset Management SAM's investment portfolio, making the stock its 29th largest position. Monaco Asset Management SAM owned approximately 0.13% of Kronos Worldwide as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its position in Kronos Worldwide by 478.7% during the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company's stock valued at $942,000 after buying an additional 104,202 shares during the period. Goldman Sachs Group Inc. boosted its position in Kronos Worldwide by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company's stock worth $1,651,000 after acquiring an additional 22,046 shares during the period. Jane Street Group LLC boosted its position in Kronos Worldwide by 20.3% during the 1st quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company's stock worth $182,000 after acquiring an additional 4,104 shares during the period. Geode Capital Management LLC grew its stake in Kronos Worldwide by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 527,839 shares of the specialty chemicals company's stock valued at $3,273,000 after acquiring an additional 12,260 shares in the last quarter. Finally, Creative Planning grew its stake in Kronos Worldwide by 13.1% during the 2nd quarter. Creative Planning now owns 42,064 shares of the specialty chemicals company's stock valued at $261,000 after acquiring an additional 4,857 shares in the last quarter. Hedge funds and other institutional investors own 15.11% of the company's stock.

Kronos Worldwide Stock Performance

KRO opened at $8.42 on Monday. The company has a market cap of $969.60 million, a PE ratio of -8.87 and a beta of 1.01. The stock has a 50-day moving average of $6.71 and a 200-day moving average of $6.48. Kronos Worldwide Inc has a 52-week low of $4.08 and a 52-week high of $8.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 3.30.

Kronos Worldwide (NYSE:KRO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.06. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%.The business had revenue of $558.10 million for the quarter, compared to the consensus estimate of $484.51 million. As a group, equities research analysts forecast that Kronos Worldwide Inc will post -0.33 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Kronos Worldwide's dividend payout ratio (DPR) is -21.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KRO shares. Zacks Research raised shares of Kronos Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Kronos Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, July 10th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $8.00 price objective on shares of Kronos Worldwide in a research report on Thursday. Finally, Wall Street Zen upgraded shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research report on Sunday. One analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $8.00.

Kronos Worldwide Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.

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