Martingale Asset Management L P Invests $215,000 in Kronos Worldwide, Inc. (NYSE:KRO)

Martingale Asset Management L P acquired a new position in Kronos Worldwide, Inc. (NYSE:KROGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,645 shares of the specialty chemicals company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd raised its stake in shares of Kronos Worldwide by 22.6% in the second quarter. WINTON GROUP Ltd now owns 14,639 shares of the specialty chemicals company’s stock worth $269,000 after purchasing an additional 2,702 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Kronos Worldwide by 155.8% during the second quarter. State Board of Administration of Florida Retirement System now owns 121,977 shares of the specialty chemicals company’s stock valued at $2,244,000 after acquiring an additional 74,293 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Kronos Worldwide by 10.8% during the second quarter. Los Angeles Capital Management LLC now owns 135,833 shares of the specialty chemicals company’s stock valued at $2,499,000 after acquiring an additional 13,238 shares in the last quarter. Mirador Capital Partners LP raised its position in Kronos Worldwide by 1.4% during the second quarter. Mirador Capital Partners LP now owns 85,286 shares of the specialty chemicals company’s stock valued at $1,569,000 after acquiring an additional 1,216 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Kronos Worldwide by 66.7% during the second quarter. Nisa Investment Advisors LLC now owns 14,270 shares of the specialty chemicals company’s stock valued at $263,000 after acquiring an additional 5,710 shares in the last quarter. 15.33% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Stock Down 0.2 %

Shares of KRO opened at $9.90 on Thursday. The company has a current ratio of 3.81, a quick ratio of 2.26 and a debt-to-equity ratio of 0.48. Kronos Worldwide, Inc. has a 12 month low of $8.48 and a 12 month high of $19.78. The stock’s 50 day moving average is $9.73 and its two-hundred day moving average is $14.20. The firm has a market cap of $1.14 billion, a P/E ratio of 7.28 and a beta of 1.11.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 7.68%. The ex-dividend date is Wednesday, November 30th. Kronos Worldwide’s payout ratio is currently 55.88%.

Wall Street Analysts Forecast Growth

KRO has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Kronos Worldwide from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Monday, October 17th. The Goldman Sachs Group initiated coverage on Kronos Worldwide in a research report on Thursday, October 13th. They set a “sell” rating and a $9.00 price target for the company. StockNews.com cut Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Sunday. TheStreet cut Kronos Worldwide from a “b-” rating to a “c” rating in a research report on Thursday, September 29th. Finally, Barclays dropped their price objective on Kronos Worldwide from $15.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Kronos Worldwide presently has an average rating of “Hold” and an average price target of $9.67.

About Kronos Worldwide

(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

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

Receive News & Ratings for Kronos Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.