ValuEngine upgraded shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a buy rating in a research report released on Thursday, March 15th.
Separately, Zacks Investment Research lowered Kronos Worldwide from a buy rating to a hold rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Kronos Worldwide has a consensus rating of Hold and an average target price of $24.67.
NYSE:KRO traded down $0.57 during trading hours on Thursday, hitting $22.18. 215,002 shares of the company’s stock traded hands, compared to its average volume of 400,575. The firm has a market capitalization of $2,570.71, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.45 and a beta of 2.37. Kronos Worldwide has a 52 week low of $14.84 and a 52 week high of $29.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.94 and a current ratio of 4.59.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, March 6th were given a dividend of $0.17 per share. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.68 dividend on an annualized basis and a yield of 3.07%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 36.17%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRO. The Manufacturers Life Insurance Company raised its position in Kronos Worldwide by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock valued at $379,000 after purchasing an additional 1,061 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Kronos Worldwide during the third quarter valued at about $470,000. Alps Advisors Inc. purchased a new stake in Kronos Worldwide during the third quarter valued at about $486,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Kronos Worldwide during the third quarter valued at about $772,000. Finally, Bank of New York Mellon Corp raised its position in Kronos Worldwide by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,185,691 shares of the specialty chemicals company’s stock valued at $27,069,000 after purchasing an additional 34,857 shares in the last quarter. Institutional investors and hedge funds own 16.91% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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