Kronos Worldwide, Inc. (NYSE:KRO) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 5.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,097,017 shares of the specialty chemicals company’s stock after selling 60,425 shares during the period. Bank of New York Mellon Corp owned about 0.95% of Kronos Worldwide worth $9,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. UBS Asset Management Americas Inc. lifted its position in shares of Kronos Worldwide by 1.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 39,698 shares of the specialty chemicals company’s stock valued at $730,000 after acquiring an additional 692 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Kronos Worldwide by 25.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,256 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 1,073 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Kronos Worldwide by 13.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,193 shares of the specialty chemicals company’s stock valued at $95,000 after acquiring an additional 1,245 shares during the last quarter. Raymond James & Associates raised its stake in Kronos Worldwide by 2.3% during the 1st quarter. Raymond James & Associates now owns 60,411 shares of the specialty chemicals company’s stock valued at $938,000 after purchasing an additional 1,350 shares during the period. Finally, Algert Global LLC raised its stake in Kronos Worldwide by 3.6% during the 3rd quarter. Algert Global LLC now owns 42,781 shares of the specialty chemicals company’s stock valued at $400,000 after purchasing an additional 1,490 shares during the period. Institutional investors and hedge funds own 16.67% of the company’s stock.

Kronos Worldwide Trading Up 1.4 %

NYSE KRO opened at $8.69 on Friday. Kronos Worldwide, Inc. has a 1-year low of $6.16 and a 1-year high of $12.01. The company has a current ratio of 3.90, a quick ratio of 1.96 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $999.61 million, a PE ratio of -15.52 and a beta of 1.08. The firm’s fifty day simple moving average is $7.52 and its 200-day simple moving average is $8.34.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Thursday, November 30th. Kronos Worldwide’s dividend payout ratio (DPR) is presently -135.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Kronos Worldwide from $8.00 to $7.00 and set a “sell” rating on the stock in a research note on Tuesday, November 7th. StockNews.com assumed coverage on shares of Kronos Worldwide in a research note on Thursday, October 5th. They set a “sell” rating on the stock. Barclays cut their target price on shares of Kronos Worldwide from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 4th. Finally, TheStreet downgraded shares of Kronos Worldwide from a “c-” rating to a “d+” rating in a research note on Friday, November 3rd.

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.