279,359 Shares in Kronos Worldwide Inc $KRO Acquired by Nuveen LLC

Nuveen LLC purchased a new position in Kronos Worldwide Inc (NYSE:KRO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 279,359 shares of the specialty chemicals company’s stock, valued at approximately $2,090,000. Nuveen LLC owned about 0.24% of Kronos Worldwide as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC raised its holdings 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. US Bancorp DE raised its stake in Kronos Worldwide by 2,455.6% in the first quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company’s stock valued at $46,000 after buying an additional 5,869 shares in the last quarter. State of Wyoming lifted its holdings in Kronos Worldwide by 28.1% during the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 1,105 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Kronos Worldwide during the 4th quarter worth about $98,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Kronos Worldwide during the 4th quarter worth about $167,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Price Performance

Shares of NYSE:KRO opened at $6.39 on Friday. Kronos Worldwide Inc has a one year low of $4.70 and a one year high of $12.98. The stock has a market capitalization of $734.94 million, a price-to-earnings ratio of 11.01 and a beta of 1.09. The company has a 50-day simple moving average of $6.09 and a 200-day simple moving average of $6.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.04 and a current ratio of 2.79.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.21). Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%. The company had revenue of $494.40 million during the quarter, compared to analyst estimates of $508.47 million.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 3.1%. Kronos Worldwide’s dividend payout ratio (DPR) is currently 34.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KRO. Wall Street Zen cut Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. The Goldman Sachs Group reduced their price objective on shares of Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating for the company in a research report on Wednesday, May 14th. Finally, Barclays dropped their target price on shares of Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, Kronos Worldwide has a consensus rating of “Sell” and an average price target of $7.75.

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.