Trexquant Investment LP Purchases 7,151 Shares of Kronos Worldwide Inc $KRO

Trexquant Investment LP boosted its stake in shares of Kronos Worldwide Inc (NYSE:KRO) by 67.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,811 shares of the specialty chemicals company’s stock after buying an additional 7,151 shares during the quarter. Trexquant Investment LP’s holdings in Kronos Worldwide were worth $133,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Kronos Worldwide in the 1st quarter valued at about $2,090,000. Boston Partners increased its holdings in Kronos Worldwide by 11.6% during the 1st quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company’s stock worth $11,787,000 after purchasing an additional 163,790 shares in the last quarter. Bank of America Corp DE grew its holdings 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 acquiring an additional 102,794 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Kronos Worldwide by 55.8% in the fourth quarter. Millennium Management LLC now owns 192,469 shares of the specialty chemicals company’s stock valued at $1,877,000 after acquiring an additional 68,959 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Kronos Worldwide by 260.5% in the first quarter. Allworth Financial LP now owns 68,501 shares of the specialty chemicals company’s stock valued at $528,000 after purchasing an additional 49,501 shares during the last quarter. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Trading Down 0.1%

NYSE:KRO opened at $6.29 on Thursday. Kronos Worldwide Inc has a 12 month low of $4.70 and a 12 month high of $12.98. The company has a 50 day simple moving average of $6.08 and a two-hundred day simple moving average of $6.79. The company has a current ratio of 2.79, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59. The company has a market cap of $723.09 million, a PE ratio of 10.84 and a beta of 1.08.

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

Kronos Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 5th. Kronos Worldwide’s dividend payout ratio is currently 34.48%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating on the stock in a research report on Wednesday, May 14th. Wall Street Zen cut Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Barclays cut their target price 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. Two analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell” and an average price target of $7.75.

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.