Kestra Private Wealth Services LLC Purchases Shares of 35,479 Kronos Worldwide, Inc. (NYSE:KRO)

Kestra Private Wealth Services LLC purchased a new stake in Kronos Worldwide, Inc. (NYSE:KROGet Rating) during the first quarter, according to its most recent filing with the SEC. The fund purchased 35,479 shares of the specialty chemicals company’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Kronos Worldwide by 49.0% during the 1st quarter. Victory Capital Management Inc. now owns 791,371 shares of the specialty chemicals company’s stock valued at $12,045,000 after buying an additional 260,189 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Kronos Worldwide in the 1st quarter valued at approximately $1,576,000. Los Angeles Capital Management LLC lifted its stake in shares of Kronos Worldwide by 242.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 122,595 shares of the specialty chemicals company’s stock valued at $1,903,000 after purchasing an additional 86,759 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Kronos Worldwide by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 2,265,641 shares of the specialty chemicals company’s stock valued at $35,161,000 after purchasing an additional 63,844 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Kronos Worldwide by 2,241.6% in the 1st quarter. Acadian Asset Management LLC now owns 41,891 shares of the specialty chemicals company’s stock valued at $648,000 after purchasing an additional 40,102 shares during the last quarter. 15.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KRO. Barclays lowered their price objective on Kronos Worldwide from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, August 8th. StockNews.com raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Kronos Worldwide from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 17th.

Kronos Worldwide Price Performance

Shares of KRO stock opened at $11.89 on Tuesday. Kronos Worldwide, Inc. has a 52-week low of $11.48 and a 52-week high of $19.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.89 and a current ratio of 4.43. The firm has a market capitalization of $1.37 billion, a P/E ratio of 7.98 and a beta of 1.05. The stock has a 50 day moving average price of $15.07 and a 200 day moving average price of $16.16.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Wednesday, August 31st. Kronos Worldwide’s dividend payout ratio is currently 51.01%.

Kronos Worldwide Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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