XTX Topco Ltd Buys New Position in Kronos Worldwide, Inc. (NYSE:KRO)

XTX Topco Ltd bought a new stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 13,957 shares of the specialty chemicals company’s stock, valued at approximately $175,000.

Several other institutional investors have also added to or reduced their stakes in KRO. First Eagle Investment Management LLC grew its stake in shares of Kronos Worldwide by 136.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock valued at $4,526,000 after acquiring an additional 208,256 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Kronos Worldwide by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock worth $36,860,000 after purchasing an additional 103,988 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Kronos Worldwide in the first quarter worth $960,000. American Century Companies Inc. raised its position in shares of Kronos Worldwide by 25.9% during the 2nd quarter. American Century Companies Inc. now owns 187,944 shares of the specialty chemicals company’s stock valued at $2,359,000 after purchasing an additional 38,647 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Kronos Worldwide by 661.7% during the 1st quarter. BNP Paribas Financial Markets now owns 40,606 shares of the specialty chemicals company’s stock valued at $479,000 after buying an additional 35,275 shares in the last quarter. 15.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays raised their price target on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Trading Down 0.1 %

Kronos Worldwide stock opened at $12.44 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.61 and a quick ratio of 1.98. The firm’s 50 day moving average price is $11.34 and its 200-day moving average price is $12.08. Kronos Worldwide, Inc. has a 1 year low of $6.16 and a 1 year high of $14.50. The stock has a market cap of $1.43 billion, a P/E ratio of -54.09 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. The company had revenue of $500.50 million during the quarter, compared to the consensus estimate of $504.19 million. On average, equities analysts predict that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current fiscal year.

Kronos Worldwide Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Friday, September 6th. Kronos Worldwide’s payout ratio is presently -86.96%.

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.