GSA Capital Partners LLP Increases Position in Kronos Worldwide Inc (NYSE:KRO)

GSA Capital Partners LLP increased its holdings in Kronos Worldwide Inc (NYSE:KRO) by 40.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,097 shares of the specialty chemicals company’s stock after acquiring an additional 34,620 shares during the quarter. GSA Capital Partners LLP owned approximately 0.11% of Kronos Worldwide worth $906,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRO. Federated Hermes Inc. acquired a new stake in shares of Kronos Worldwide during the fourth quarter worth approximately $25,000. KLP Kapitalforvaltning AS bought a new stake in shares of Kronos Worldwide in the 4th quarter worth about $30,000. Aquatic Capital Management LLC raised its stake in shares of Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 1,883 shares in the last quarter. State of Wyoming raised its stake in shares of Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock valued at $49,000 after purchasing an additional 1,105 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new position in shares of Kronos Worldwide during the fourth quarter worth about $98,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KRO. The Goldman Sachs Group lowered their price objective on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating for the company in a report on Wednesday, May 14th. Barclays lowered their price target on Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, May 28th. Finally, Wall Street Zen cut Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, May 15th.

Kronos Worldwide Price Performance

Shares of NYSE:KRO opened at $5.36 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.62 and a debt-to-equity ratio of 0.56. Kronos Worldwide Inc has a fifty-two week low of $5.26 and a fifty-two week high of $12.98. The firm has a 50-day simple moving average of $6.34 and a 200 day simple moving average of $7.49. The company has a market cap of $616.48 million, a PE ratio of 6.46 and a beta of 1.12.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $466.56 million. Kronos Worldwide had a return on equity of 11.71% and a net margin of 5.07%.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Monday, June 9th were given a dividend of $0.05 per share. The ex-dividend date was Monday, June 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.7%. Kronos Worldwide’s payout ratio is currently 24.10%.

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.