Algert Global LLC Trims Position in Kronos Worldwide, Inc. (NYSE:KRO)

Algert Global LLC decreased its position in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 69.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC raised its position in Kronos Worldwide by 144.8% in the fourth 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 period. Federated Hermes Inc. acquired a new position in shares of Kronos Worldwide in the fourth quarter worth $25,000. Rhumbline Advisers grew its stake in shares of Kronos Worldwide by 8.7% in the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company's stock worth $341,000 after acquiring an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Kronos Worldwide in the fourth quarter worth $30,000. Finally, Barclays PLC grew its stake in shares of Kronos Worldwide by 11.6% in the fourth quarter. Barclays PLC now owns 37,592 shares of the specialty chemicals company's stock worth $366,000 after acquiring an additional 3,897 shares in the last quarter. Hedge funds and other institutional investors own 15.11% of the company's stock.

Kronos Worldwide Stock Down 0.7%

Shares of KRO stock traded down $0.05 on Monday, reaching $7.03. 179,745 shares of the stock were exchanged, compared to its average volume of 213,035. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The business's 50 day moving average price is $7.32 and its 200 day moving average price is $9.00. The company has a market capitalization of $808.70 million, a price-to-earnings ratio of 8.68 and a beta of 1.22. Kronos Worldwide, Inc. has a twelve month low of $6.19 and a twelve month high of $14.50.

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

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.20 annualized dividend and a yield of 2.84%. Kronos Worldwide's dividend payout ratio is presently 24.10%.

Insider Buying and Selling at Kronos Worldwide

In related news, Director Kevin B. Kramer acquired 14,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the purchase, the director now directly owns 21,460 shares of the company's stock, valued at approximately $159,447.80. The trade was a 187.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KRO has been the subject of several research reports. The Goldman Sachs Group dropped their price target on shares of Kronos Worldwide from $11.00 to $8.50 and set a "sell" rating for the company in a research note on Wednesday, May 14th. StockNews.com downgraded shares of Kronos Worldwide from a "buy" rating to a "hold" rating in a research note on Thursday.

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.