BlackRock Inc. raised its stake in shares of Kronos Worldwide Inc (NYSE:KRO) by 8.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,459,953 shares of the specialty chemicals company’s stock after buying an additional 115,654 shares during the period. BlackRock Inc. owned about 1.26% of Kronos Worldwide worth $37,623,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Kronos Worldwide by 28.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,000 shares of the specialty chemicals company’s stock valued at $455,000 after buying an additional 4,400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Kronos Worldwide by 4.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 103,665 shares of the specialty chemicals company’s stock valued at $2,367,000 after purchasing an additional 4,717 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Kronos Worldwide in the 3rd quarter valued at about $114,000. Teacher Retirement System of Texas purchased a new position in shares of Kronos Worldwide in the 4th quarter valued at about $204,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Kronos Worldwide in the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 16.91% of the company’s stock.
Shares of Kronos Worldwide stock opened at $22.14 on Tuesday. The company has a quick ratio of 2.94, a current ratio of 4.59 and a debt-to-equity ratio of 0.72. Kronos Worldwide Inc has a twelve month low of $14.84 and a twelve month high of $29.49. The stock has a market capitalization of $2,570.71, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.45 and a beta of 2.37.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, March 6th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Monday, March 5th. This is a positive change from Kronos Worldwide’s previous quarterly dividend of $0.15. Kronos Worldwide’s payout ratio is currently 36.17%.
KRO has been the subject of several recent analyst reports. Zacks Investment Research lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Kronos Worldwide currently has a consensus rating of “Hold” and a consensus price target of $24.67.
ILLEGAL ACTIVITY WARNING: This report was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/10/blackrock-inc-buys-115654-shares-of-kronos-worldwide-inc-kro.html.
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.
Want to see what other hedge funds are holding KRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kronos Worldwide Inc (NYSE:KRO).
Receive News & Ratings for Kronos Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.