Deutsche Bank AG Boosts Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Deutsche Bank AG lifted its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 59.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,150 shares of the specialty chemicals company’s stock after buying an additional 8,234 shares during the quarter. Deutsche Bank AG’s holdings in Kronos Worldwide were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KRO. Boston Partners boosted its stake in shares of Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock valued at $13,765,000 after buying an additional 629,387 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of Kronos Worldwide in the fourth quarter valued at approximately $1,239,000. Dimensional Fund Advisors LP boosted its stake in shares of Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company’s stock valued at $30,859,000 after buying an additional 109,674 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Kronos Worldwide by 58.0% in the fourth quarter. Bank of America Corp DE now owns 279,891 shares of the specialty chemicals company’s stock valued at $2,729,000 after buying an additional 102,794 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company’s stock valued at $7,159,000 after buying an additional 31,830 shares in the last quarter. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Stock Down 1.5%

KRO opened at $6.24 on Tuesday. The business’s fifty day moving average is $7.08 and its two-hundred day moving average is $8.63. 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 market cap of $717.36 million, a price-to-earnings ratio of 7.70 and a beta of 1.22. Kronos Worldwide, Inc. has a one year low of $6.19 and a one year high of $14.45.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $466.56 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Kronos Worldwide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $0.20 annualized dividend and a dividend yield of 3.21%. Kronos Worldwide’s dividend payout ratio is currently 24.10%.

Insider Activity

In related news, Director Kevin B. Kramer acquired 14,000 shares of Kronos Worldwide stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the transaction, the director now directly owns 21,460 shares of the company’s stock, valued at $159,447.80. The trade was a 187.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

KRO has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating on the stock in a research note on Wednesday, May 14th. Barclays decreased their target price on Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th.

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.