Strs Ohio Has $474,000 Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Strs Ohio increased its stake in shares of Kronos Worldwide, Inc. (NYSE:KROGet Rating) by 50.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 50,800 shares of the specialty chemicals company’s stock after acquiring an additional 17,100 shares during the period. Strs Ohio’s holdings in Kronos Worldwide were worth $474,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KRO. State Board of Administration of Florida Retirement System boosted its stake in Kronos Worldwide by 155.8% during the 2nd 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 purchasing an additional 74,293 shares during the period. Ellevest Inc. boosted its stake in Kronos Worldwide by 196.0% during the 2nd quarter. Ellevest Inc. now owns 1,797 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 1,190 shares during the period. ClariVest Asset Management LLC bought a new stake in Kronos Worldwide during the 2nd quarter valued at approximately $2,813,000. Exchange Traded Concepts LLC boosted its stake in Kronos Worldwide by 42.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 33,896 shares of the specialty chemicals company’s stock valued at $317,000 after purchasing an additional 10,087 shares during the period. Finally, CI Investments Inc. bought a new stake in Kronos Worldwide during the 2nd quarter valued at approximately $625,000. Institutional investors and hedge funds own 15.91% of the company’s stock.

Kronos Worldwide Price Performance

Kronos Worldwide stock opened at $11.10 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.81 and a quick ratio of 2.26. The company has a market capitalization of $1.28 billion, a PE ratio of 8.16 and a beta of 1.05. Kronos Worldwide, Inc. has a one year low of $8.48 and a one year high of $19.78. The business has a 50 day simple moving average of $9.84 and a 200 day simple moving average of $11.90.

Kronos Worldwide (NYSE:KROGet Rating) last posted its earnings results on Wednesday, November 2nd. The specialty chemicals company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.19). The company had revenue of $459.60 million for the quarter, compared to the consensus estimate of $516.15 million. Kronos Worldwide had a return on equity of 17.50% and a net margin of 7.49%. On average, sell-side analysts forecast that Kronos Worldwide, Inc. will post 1.06 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, November 30th. This represents a $0.76 annualized dividend and a dividend yield of 6.85%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 55.88%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. StockNews.com upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Barclays decreased their target price on Kronos Worldwide from $15.00 to $8.00 and set an “underweight” rating for the company in a research note on Tuesday, September 27th. The Goldman Sachs Group initiated coverage on Kronos Worldwide in a research report on Thursday, October 13th. They issued a “sell” rating and a $9.00 price objective for the company. TheStreet downgraded Kronos Worldwide from a “b-” rating to a “c” rating in a research report on Thursday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective 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. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9.67.

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.

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

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