Charles Schwab Investment Management Inc. Grows Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Charles Schwab Investment Management Inc. increased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 179,652 shares of the specialty chemicals company’s stock after buying an additional 3,833 shares during the period. Charles Schwab Investment Management Inc. owned about 0.16% of Kronos Worldwide worth $2,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRO. Rhumbline Advisers increased its position in shares of Kronos Worldwide by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 1,162 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Kronos Worldwide by 99.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 162,680 shares of the specialty chemicals company’s stock worth $2,042,000 after purchasing an additional 81,303 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Kronos Worldwide in the 2nd quarter worth about $202,000. Quest Partners LLC increased its position in shares of Kronos Worldwide by 9,905.7% in the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 8,717 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Kronos Worldwide by 25.9% in the 2nd quarter. American Century Companies Inc. now owns 187,944 shares of the specialty chemicals company’s stock worth $2,359,000 after purchasing an additional 38,647 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Trading Down 1.2 %

NYSE KRO opened at $10.27 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $11.86. The firm has a market capitalization of $1.18 billion, a PE ratio of 12.68 and a beta of 1.13. Kronos Worldwide, Inc. has a one year low of $8.26 and a one year high of $14.50.

Kronos Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. Kronos Worldwide’s payout ratio is currently 24.69%.

Analyst Ratings Changes

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

Kronos Worldwide Company 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.