Virginia Retirement Systems ET AL boosted its position in Kronos Worldwide Inc (NYSE:KRO) by 130.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,500 shares of the specialty chemicals company’s stock after acquiring an additional 19,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Kronos Worldwide were worth $788,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of KRO. Vanguard Group Inc. boosted its holdings in Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock valued at $26,691,000 after acquiring an additional 50,903 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Kronos Worldwide by 5.5% in the first quarter. Geode Capital Management LLC now owns 169,827 shares of the specialty chemicals company’s stock valued at $2,790,000 after acquiring an additional 8,786 shares during the last quarter. Morgan Stanley boosted its holdings in Kronos Worldwide by 1.3% in the first quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock valued at $3,367,000 after acquiring an additional 2,650 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Kronos Worldwide by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock valued at $1,439,000 after acquiring an additional 4,617 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Kronos Worldwide in the second quarter valued at $2,133,000. Hedge funds and other institutional investors own 16.18% of the company’s stock.
KRO has been the topic of a number of research analyst reports. Barclays lifted their target price on Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, November 14th. BidaskClub upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. SunTrust Banks boosted their price objective on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $24.00.
Kronos Worldwide Inc (KRO) opened at $25.19 on Friday. The company has a market capitalization of $2,919.57, a PE ratio of 17.25, a price-to-earnings-growth ratio of 3.09 and a beta of 2.18. Kronos Worldwide Inc has a one year low of $11.12 and a one year high of $29.49. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.86 and a current ratio of 4.26.
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 the Zacks’ consensus estimate of $0.43 by $0.21. The company had revenue of $464.50 million for the quarter, compared to analysts’ expectations of $448.00 million. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. sell-side analysts expect that Kronos Worldwide Inc will post 1.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio is presently 20.98%.
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Kronos Worldwide 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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