Engineers Gate Manager LP Invests $1.08 Million in Kronos Worldwide, Inc. (KRO) Stock

Engineers Gate Manager LP acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 66,457 shares of the specialty chemicals company’s stock, valued at approximately $1,080,000. Engineers Gate Manager LP owned approximately 0.06% of Kronos Worldwide at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in KRO. BlackRock Inc. lifted its stake in Kronos Worldwide by 7.3% in the 1st quarter. BlackRock Inc. now owns 1,565,933 shares of the specialty chemicals company’s stock valued at $35,389,000 after acquiring an additional 105,980 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Kronos Worldwide by 214.6% in the 1st quarter. JPMorgan Chase & Co. now owns 48,929 shares of the specialty chemicals company’s stock valued at $1,106,000 after acquiring an additional 33,375 shares in the last quarter. Bank of Montreal Can lifted its stake in Kronos Worldwide by 37.5% in the 2nd quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock valued at $249,000 after acquiring an additional 3,016 shares in the last quarter. Alpha Windward LLC bought a new stake in Kronos Worldwide in the 2nd quarter valued at approximately $457,000. Finally, James Investment Research Inc. lifted its stake in Kronos Worldwide by 4.4% in the 2nd quarter. James Investment Research Inc. now owns 92,056 shares of the specialty chemicals company’s stock valued at $2,074,000 after acquiring an additional 3,899 shares in the last quarter. 18.17% of the stock is currently owned by institutional investors and hedge funds.

NYSE:KRO opened at $13.50 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.45 and a beta of 2.38. Kronos Worldwide, Inc. has a twelve month low of $12.79 and a twelve month high of $29.49. The company has a current ratio of 4.64, a quick ratio of 3.08 and a debt-to-equity ratio of 0.61.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 7th. The specialty chemicals company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.49). The company had revenue of $410.30 million for the quarter, compared to analyst estimates of $467.00 million. Kronos Worldwide had a return on equity of 40.78% and a net margin of 14.81%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Research analysts forecast that Kronos Worldwide, Inc. will post 2.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Tuesday, December 4th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Monday, December 3rd. Kronos Worldwide’s dividend payout ratio (DPR) is 36.17%.

Several research analysts have weighed in on the company. ValuEngine lowered Kronos Worldwide from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Barclays lowered their price target on Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday, August 13th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $24.00 price target on shares of Kronos Worldwide in a research report on Friday, July 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Kronos Worldwide presently has an average rating of “Hold” and an average price target of $25.50.

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Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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

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