Anchor Capital Advisors LLC cut its stake in shares of Kronos Worldwide Inc (NYSE:KRO) by 29.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,560 shares of the specialty chemicals company’s stock after selling 17,312 shares during the period. Anchor Capital Advisors LLC’s holdings in Kronos Worldwide were worth $949,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $198,000. Zacks Investment Management purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $207,000. Winslow Evans & Crocker Inc. acquired a new position in shares of Kronos Worldwide during the 3rd quarter valued at $208,000. American International Group Inc. lifted its holdings in shares of Kronos Worldwide by 7.1% during the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after acquiring an additional 894 shares in the last quarter. Finally, Stephens Inc. AR acquired a new position in shares of Kronos Worldwide during the 2nd quarter valued at $228,000. 15.71% of the stock is owned by institutional investors.
KRO has been the topic of several recent research reports. BidaskClub upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. SunTrust Banks, Inc. lifted their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Friday, July 28th. Finally, Barclays PLC lifted their target price on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Kronos Worldwide currently has an average rating of “Hold” and an average price target of $24.00.
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Shares of Kronos Worldwide Inc (NYSE:KRO) traded down $0.12 during mid-day trading on Wednesday, reaching $26.69. 465,800 shares of the company’s stock were exchanged, compared to its average volume of 486,086. Kronos Worldwide Inc has a 52-week low of $11.12 and a 52-week high of $27.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The firm has a market cap of $3,107.33, a price-to-earnings ratio of 18.36, a P/E/G ratio of 3.55 and a beta of 2.16.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The firm had revenue of $464.50 million for the quarter, compared to analyst estimates of $448.00 million. During the same quarter in the previous year, the business posted $0.19 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. research analysts predict that Kronos Worldwide Inc will post 1.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. Kronos Worldwide’s dividend payout ratio is currently 20.98%.
About Kronos Worldwide
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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