Wells Fargo & Company MN Has $335,000 Stock Position in Kronos Worldwide, Inc. (NYSE:KRO)

Wells Fargo & Company MN lowered its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 27.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,329 shares of the specialty chemicals company’s stock after selling 12,848 shares during the period. Wells Fargo & Company MN’s holdings in Kronos Worldwide were worth $335,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Kronos Worldwide in the 4th quarter valued at $30,000. Caisse Des Depots ET Consignations bought a new stake in shares of Kronos Worldwide during the 4th quarter worth $54,000. Trexquant Investment LP acquired a new stake in Kronos Worldwide in the fourth quarter valued at about $104,000. Allworth Financial LP bought a new position in Kronos Worldwide in the fourth quarter valued at about $180,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Kronos Worldwide in the fourth quarter valued at about $233,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

Kronos Worldwide Stock Performance

NYSE KRO opened at $7.39 on Tuesday. Kronos Worldwide, Inc. has a fifty-two week low of $6.19 and a fifty-two week high of $14.50. The stock has a market cap of $850.12 million, a PE ratio of 9.12 and a beta of 1.22. 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 firm’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $9.30.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). The firm had revenue of $423.10 million during the quarter, compared to analyst estimates of $494.19 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.71%. The ex-dividend date was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is currently 27.03%.

Insider Activity at Kronos Worldwide

In related news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $7.43 per share, with a total value of $104,020.00. Following the transaction, the director now directly owns 21,460 shares in the company, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by company insiders.

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.