BNP Paribas Financial Markets Has $897,000 Stake in Kronos Worldwide, Inc. (NYSE:KRO)

BNP Paribas Financial Markets boosted its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 100.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,074 shares of the specialty chemicals company’s stock after purchasing an additional 36,139 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Kronos Worldwide worth $897,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Kronos Worldwide during the third quarter valued at approximately $67,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Kronos Worldwide in the third quarter valued at approximately $245,000. Algert Global LLC increased its position in shares of Kronos Worldwide by 230.0% during the third quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after acquiring an additional 48,240 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kronos Worldwide by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after acquiring an additional 3,833 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Kronos Worldwide by 522.7% during the third quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company’s stock worth $683,000 after acquiring an additional 46,021 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays increased their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $12.00.

Kronos Worldwide Stock Performance

Shares of KRO opened at $10.41 on Thursday. Kronos Worldwide, Inc. has a 12 month low of $8.26 and a 12 month high of $14.50. The firm has a fifty day simple moving average of $11.55 and a 200 day simple moving average of $11.92. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.85 and a beta of 1.13. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, November 29th. Kronos Worldwide’s payout ratio is 24.69%.

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.