Algert Global LLC Buys 48,240 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Algert Global LLC grew its position in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 230.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,215 shares of the specialty chemicals company's stock after purchasing an additional 48,240 shares during the period. Algert Global LLC owned about 0.06% of Kronos Worldwide worth $862,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Kronos Worldwide by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company's stock worth $2,237,000 after buying an additional 3,833 shares in the last quarter. Quest Partners LLC grew its stake in Kronos Worldwide by 522.7% in the 3rd quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company's stock valued at $683,000 after buying an additional 46,021 shares during the last quarter. Cornercap Investment Counsel Inc. acquired a new position in Kronos Worldwide in the 3rd quarter valued at about $264,000. Aigen Investment Management LP acquired a new position in Kronos Worldwide in the 3rd quarter valued at about $141,000. Finally, Semanteon Capital Management LP grew its position in shares of Kronos Worldwide by 34.1% during the 3rd quarter. Semanteon Capital Management LP now owns 38,981 shares of the specialty chemicals company's stock worth $485,000 after purchasing an additional 9,902 shares in the last quarter. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Kronos Worldwide Stock Performance

Shares of NYSE:KRO traded down $0.10 on Friday, reaching $11.31. 77,716 shares of the company's stock were exchanged, compared to its average volume of 219,504. The company has a fifty day moving average of $11.83 and a 200-day moving average of $12.07. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.96 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. Kronos Worldwide's dividend payout ratio (DPR) is presently 24.69%.

Analysts Set New Price Targets

Separately, Barclays increased their target price on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to MarketBeat, Kronos Worldwide currently has an average rating of "Hold" and a consensus target price of $12.00.

Kronos Worldwide Profile

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