Petrus Trust Company LTA Invests $363,000 in Kronos Worldwide Inc $KRO

Key Points

• Petrus Trust Company LTA has acquired a new position in Kronos Worldwide Inc, purchasing 48,507 shares valued at approximately $363,000.
• Kronos Worldwide has experienced a recent 23% decrease in estimated earnings, resulting in a consensus rating of "Sell" and an average target price of $7.75 from investment analysts.
• The company recently declared a quarterly dividend of $0.05 per share, reflecting a yield of 3.2% and a payout ratio of 34.48%.

Petrus Trust Company LTA acquired a new position in Kronos Worldwide Inc (NYSE:KRO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 48,507 shares of the specialty chemicals company's stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming lifted its stake in shares of Kronos Worldwide by 28.1% in the fourth 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 during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Kronos Worldwide by 0.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 315,992 shares of the specialty chemicals company's stock worth $3,081,000 after buying an additional 1,130 shares during the last quarter. Twelve Points Wealth Management LLC lifted its stake in shares of Kronos Worldwide by 15.8% in the first quarter. Twelve Points Wealth Management LLC now owns 24,627 shares of the specialty chemicals company's stock worth $184,000 after buying an additional 3,367 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Kronos Worldwide by 4.3% in the fourth 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 during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Kronos Worldwide in the first quarter worth $29,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KRO. Barclays reduced their price objective on shares of Kronos Worldwide from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen cut shares of Kronos Worldwide from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell" and a consensus price target of $7.75.

Kronos Worldwide Stock Performance

KRO stock traded down $0.25 on Friday, reaching $6.03. 411,568 shares of the company were exchanged, compared to its average volume of 354,550. Kronos Worldwide Inc has a 12 month low of $4.70 and a 12 month high of $12.98. The stock's fifty day moving average price is $6.07 and its 200 day moving average price is $6.74. The firm has a market capitalization of $693.77 million, a PE ratio of 10.40 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.79 and a quick ratio of 1.04.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21). Kronos Worldwide had a return on equity of 8.04% and a net margin of 3.57%.The company had revenue of $494.40 million for the quarter, compared to the consensus estimate of $508.47 million.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, September 5th. Kronos Worldwide's payout ratio is 34.48%.

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.