SG Americas Securities LLC Acquires Shares of 12,561 Kronos Worldwide, Inc. (NYSE:KRO)

SG Americas Securities LLC acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 12,561 shares of the specialty chemicals company’s stock, valued at approximately $125,000.

Several other large investors also recently bought and sold shares of KRO. Swiss National Bank grew its position in Kronos Worldwide by 7.5% in the first quarter. Swiss National Bank now owns 54,700 shares of the specialty chemicals company’s stock valued at $849,000 after acquiring an additional 3,800 shares in the last quarter. Raymond James & Associates boosted its stake in shares of 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 buying an additional 1,350 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Kronos Worldwide by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 955,037 shares of the specialty chemicals company’s stock valued at $14,823,000 after buying an additional 16,085 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Kronos Worldwide during the 1st quarter valued at approximately $426,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Kronos Worldwide by 2,241.6% during the 1st quarter. Acadian Asset Management LLC now owns 41,891 shares of the specialty chemicals company’s stock valued at $648,000 after buying an additional 40,102 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KRO. TheStreet upgraded Kronos Worldwide from a “d+” rating to a “c-” rating in a research note on Monday, March 11th. StockNews.com upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Barclays raised their price objective on Kronos Worldwide from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 26th.

Kronos Worldwide Stock Performance

Shares of KRO opened at $11.34 on Thursday. The business’s fifty day moving average price is $10.46 and its 200 day moving average price is $9.19. Kronos Worldwide, Inc. has a 12-month low of $6.16 and a 12-month high of $12.48. The stock has a market capitalization of $1.30 billion, a PE ratio of -26.36 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.01 and a quick ratio of 1.49.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Kronos Worldwide had a negative return on equity of 5.73% and a negative net margin of 2.95%. The firm had revenue of $400.10 million for the quarter, compared to analysts’ expectations of $404.94 million. Equities research analysts forecast that Kronos Worldwide, Inc. will post 0.33 EPS for the current year.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 6.70%. The ex-dividend date was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is presently -176.74%.

Kronos Worldwide Profile

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.