Kronos Worldwide's (KRO) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Kronos Worldwide's stock has been reiterated with a "sell (D+)" rating by Weiss Ratings, reflecting negative sentiment among analysts.
• The company reported earnings of (0.08) EPS, significantly missing the consensus estimate of $0.13, with revenues also falling short of expectations.
• Hedge funds have actively adjusted their positions in Kronos Worldwide, with a noticeable 2,455.6% increase in US Bancorp DE's stake during the first quarter.

Kronos Worldwide (NYSE:KRO - Get Free Report)'s stock had its "sell (d+)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Kronos Worldwide from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Strong Sell" and an average price target of $7.75.

Kronos Worldwide Stock Up 1.3%

Shares of NYSE:KRO opened at $5.50 on Wednesday. The stock has a market cap of $632.78 million, a price-to-earnings ratio of 9.48 and a beta of 1.09. The company has a quick ratio of 1.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.59. Kronos Worldwide has a 12-month low of $4.70 and a 12-month high of $12.98. The business's 50 day moving average is $5.90 and its 200 day moving average is $6.47.

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 the consensus estimate of $0.13 by ($0.21). The company had revenue of $494.40 million for the quarter, compared to analysts' expectations of $508.47 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Hedge Funds Weigh In On Kronos Worldwide

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of Kronos Worldwide in the first quarter valued at $29,000. Raymond James Financial Inc. purchased a new position in shares of Kronos Worldwide in the second quarter valued at $42,000. US Bancorp DE grew its position in shares of Kronos Worldwide by 2,455.6% in the first quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company's stock valued at $46,000 after purchasing an additional 5,869 shares in the last quarter. KG&L Capital Management LLC purchased a new position in shares of Kronos Worldwide in the second quarter valued at $69,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Kronos Worldwide during the second quarter worth about $70,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

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