Virginia Retirement Systems ET AL Sells 300 Shares of Kronos Worldwide Inc (KRO)

Virginia Retirement Systems ET AL lowered its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,000 shares of the specialty chemicals company’s stock after selling 300 shares during the period. Virginia Retirement Systems ET AL’s holdings in Kronos Worldwide were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Kronos Worldwide by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock worth $26,691,000 after purchasing an additional 50,903 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Kronos Worldwide by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock worth $20,969,000 after purchasing an additional 9,792 shares during the period. 1060 Capital LLC bought a new position in shares of Kronos Worldwide during the first quarter worth approximately $17,241,000. Acadian Asset Management LLC increased its stake in shares of Kronos Worldwide by 180.8% during the second quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock worth $18,614,000 after purchasing an additional 657,735 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Kronos Worldwide by 7.8% during the second quarter. Advisors Asset Management Inc. now owns 941,607 shares of the specialty chemicals company’s stock worth $17,156,000 after purchasing an additional 67,849 shares during the period. Institutional investors own 15.42% of the company’s stock.

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Kronos Worldwide Inc (NYSE KRO) opened at 21.73 on Tuesday. Kronos Worldwide Inc has a 52 week low of $7.27 and a 52 week high of $21.89. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 9.04 and a beta of 2.11. The stock’s 50 day moving average price is $20.12 and its 200-day moving average price is $18.00.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Tuesday, September 5th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 2.76%. Kronos Worldwide’s payout ratio is 24.90%.

A number of equities analysts have recently weighed in on KRO shares. BidaskClub upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC increased their target price on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Kronos Worldwide has a consensus rating of “Buy” and an average target price of $20.50.

In related news, insider Benjiman R. Corona sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the transaction, the insider now owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.

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Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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