Algert Global LLC reduced its position in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 69.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,235 shares of the specialty chemicals company's stock after selling 47,980 shares during the quarter. Algert Global LLC's holdings in Kronos Worldwide were worth $207,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in KRO. Federated Hermes Inc. acquired a new position in Kronos Worldwide during the 4th quarter valued at about $25,000. KLP Kapitalforvaltning AS purchased a new position in shares of Kronos Worldwide in the 4th quarter valued at approximately $30,000. Aquatic Capital Management LLC raised its position in shares of Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 1,883 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Kronos Worldwide in the 4th quarter worth approximately $54,000. Finally, Trexquant Investment LP purchased a new stake in Kronos Worldwide during the 4th quarter worth approximately $104,000. 15.11% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Kronos Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, March 18th.
Get Our Latest Stock Report on KRO
Kronos Worldwide Trading Up 1.2%
Shares of NYSE:KRO opened at $7.64 on Wednesday. The business has a 50-day moving average price of $7.37 and a 200-day moving average price of $9.14. The stock has a market cap of $878.88 million, a price-to-earnings ratio of 9.43 and a beta of 1.22. Kronos Worldwide, Inc. has a 52-week low of $6.19 and a 52-week high of $14.50. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.
Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.
Kronos Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.62%. Kronos Worldwide's payout ratio is currently 24.10%.
Insider Buying and Selling at Kronos Worldwide
In other news, Director Kevin B. Kramer bought 14,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $7.43 per share, with a total value of $104,020.00. Following the acquisition, the director now directly owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.
Kronos Worldwide Company Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kronos Worldwide, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kronos Worldwide wasn't on the list.
While Kronos Worldwide currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
