Sherbrooke Park Advisers LLC Cuts Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Sherbrooke Park Advisers LLC reduced its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 65.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,150 shares of the specialty chemicals company's stock after selling 43,116 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Kronos Worldwide were worth $226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KRO. Luminus Management LLC purchased a new stake in shares of Kronos Worldwide during the 4th quarter worth approximately $2,538,000. Rhumbline Advisers grew its holdings in Kronos Worldwide by 8.7% during the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock valued at $341,000 after purchasing an additional 2,800 shares during the period. Boston Partners increased its position 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 worth $13,765,000 after buying an additional 629,387 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Kronos Worldwide in the fourth quarter valued at $233,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 109,674 shares during the period. Hedge funds and other institutional investors own 15.11% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KRO shares. 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 dropped their price objective on shares of Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating on the stock in a report on Wednesday, May 14th.

Kronos Worldwide Stock Performance

KRO stock traded down $0.12 during midday trading on Monday, reaching $6.57. 202,547 shares of the company's stock traded hands, compared to its average volume of 213,923. The firm has a market capitalization of $755.79 million, a PE ratio of 8.11 and a beta of 1.22. The company has a 50-day moving average price of $7.24 and a two-hundred day moving average price of $8.84. Kronos Worldwide, Inc. has a 52 week low of $6.19 and a 52 week high of $14.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68.

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

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th will be given a $0.05 dividend. The ex-dividend date is Monday, June 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.04%. Kronos Worldwide's dividend payout ratio (DPR) is currently 24.10%.

Insider Activity

In other news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the purchase, the director now directly owns 21,460 shares of the company's stock, valued at $159,447.80. This trade represents a 187.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

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.