Element Capital Management LLC bought a new position in Kronos Worldwide, Inc. (NYSE:KRO) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 11,736 shares of the specialty chemicals company’s stock, valued at approximately $265,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KRO. SG Americas Securities LLC purchased a new stake in Kronos Worldwide in the 4th quarter worth approximately $302,000. American Century Companies Inc. purchased a new stake in Kronos Worldwide in the 4th quarter worth approximately $766,000. Teacher Retirement System of Texas purchased a new stake in Kronos Worldwide in the 4th quarter worth approximately $204,000. Wells Fargo & Company MN lifted its stake in Kronos Worldwide by 45.2% in the 4th quarter. Wells Fargo & Company MN now owns 290,440 shares of the specialty chemicals company’s stock worth $7,484,000 after purchasing an additional 90,351 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Kronos Worldwide by 8.6% in the 4th quarter. BlackRock Inc. now owns 1,459,953 shares of the specialty chemicals company’s stock worth $37,623,000 after purchasing an additional 115,654 shares in the last quarter. Institutional investors and hedge funds own 17.18% of the company’s stock.
Several analysts have issued reports on KRO shares. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Saturday, March 10th. Finally, Deutsche Bank upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $28.00 in a research note on Wednesday, May 23rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Kronos Worldwide currently has an average rating of “Hold” and a consensus target price of $25.50.
Shares of Kronos Worldwide opened at $22.60 on Friday, MarketBeat reports. The firm has a market capitalization of $2.62 billion, a PE ratio of 12.02, a P/E/G ratio of 1.52 and a beta of 2.39. Kronos Worldwide, Inc. has a one year low of $17.11 and a one year high of $29.49. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.93 and a current ratio of 4.58.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Tuesday, May 8th. The specialty chemicals company reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.09). The company had revenue of $430.40 million during the quarter, compared to the consensus estimate of $474.71 million. Kronos Worldwide had a return on equity of 38.70% and a net margin of 21.70%. Kronos Worldwide’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. research analysts expect that Kronos Worldwide, Inc. will post 2.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 14th. Stockholders of record on Tuesday, June 5th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, June 4th. Kronos Worldwide’s payout ratio is 36.17%.
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.