PDT Partners LLC Invests $1.34 Million in Kronos Worldwide Inc $KRO

Key Points

• PDT Partners initiated a $1.34 million position in Kronos Worldwide, purchasing 211,034 shares, while BlackRock also acquired roughly $10.9 million of stock. Institutional investors and hedge funds collectively own 15.11% of KRO.
• Analyst sentiment remains mixed to negative: Kronos has an average MarketBeat rating of “Reduce” and an $8.50 price target, with ratings ranging from Buy to Sell.
• Kronos exceeded quarterly expectations with $0.13 in earnings per share versus a $0.07 consensus estimate and $558.1 million in revenue. The company also declared a quarterly dividend of $0.05 per share, representing a 2.3% annualized yield.

PDT Partners LLC bought a new position in shares of Kronos Worldwide Inc (NYSE:KRO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 211,034 shares of the specialty chemicals company's stock, valued at approximately $1,336,000. PDT Partners LLC owned approximately 0.18% of Kronos Worldwide as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRO. Group One Trading LLC bought a new position in Kronos Worldwide in the 2nd quarter valued at $41,000. Algert Global LLC grew its holdings in Kronos Worldwide by 87.9% during the 2nd quarter. Algert Global LLC now owns 22,150 shares of the specialty chemicals company's stock worth $140,000 after acquiring an additional 10,360 shares during the period. Ieq Capital LLC bought a new stake in Kronos Worldwide in the second quarter valued at about $192,000. Allworth Financial LP acquired a new stake in shares of Kronos Worldwide in the 2nd quarter valued at approximately $441,000. Finally, BlackRock Inc. acquired a new stake in Kronos Worldwide in the second quarter worth $10,886,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KRO shares. The Goldman Sachs Group reiterated a "sell" rating and set a $8.00 price objective on shares of Kronos Worldwide in a report on Thursday, August 13th. Zacks Research lowered Kronos Worldwide from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Wall Street Zen upgraded shares of Kronos Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Kronos Worldwide from a "sell (d)" rating to a "sell (d+)" rating in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kronos Worldwide from $6.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Kronos Worldwide presently has an average rating of "Reduce" and an average price target of $8.50.

Kronos Worldwide Stock Performance

NYSE KRO opened at $8.78 on Thursday. Kronos Worldwide Inc has a 1 year low of $4.08 and a 1 year high of $9.17. The firm's 50 day simple moving average is $6.97 and its 200 day simple moving average is $6.64. The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -9.24 and a beta of 1.01.

Kronos Worldwide (NYSE:KRO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, topping 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 company had revenue of $558.10 million during the quarter, compared to analysts' expectations of $484.51 million. As a group, research analysts expect 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. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. Kronos Worldwide's dividend payout ratio is -21.05%.

About Kronos Worldwide

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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