Kronos Worldwide, Inc. (NYSE:KRO) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,116 shares of the specialty chemicals company’s stock after selling 8,110 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Kronos Worldwide worth $810,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Kronos Worldwide by 3.6% during 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 acquiring an additional 109,674 shares during the last quarter. Vanguard Group Inc. boosted its stake in Kronos Worldwide by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company’s stock worth $21,625,000 after buying an additional 13,869 shares during the last quarter. Boston Partners boosted its stake in Kronos Worldwide by 80.4% in the 4th quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock worth $13,765,000 after buying an additional 629,387 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Kronos Worldwide by 4.5% in the 4th quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company’s stock worth $7,159,000 after buying an additional 31,830 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Kronos Worldwide by 2.1% in the 4th quarter. First Eagle Investment Management LLC now owns 489,177 shares of the specialty chemicals company’s stock worth $4,769,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KRO. Barclays decreased their price target on Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 28th. 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. Finally, Wall Street Zen lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Kronos Worldwide Stock Performance

NYSE KRO opened at $6.93 on Wednesday. The firm has a market capitalization of $796.97 million, a P/E ratio of 8.55 and a beta of 1.14. Kronos Worldwide, Inc. has a 1-year low of $6.13 and a 1-year high of $14.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The business’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $8.45.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $489.80 million during the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.

Kronos Worldwide Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Monday, June 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, June 9th. Kronos Worldwide’s dividend payout ratio is currently 24.10%.

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.