Bank of New York Mellon Corp Decreases Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Bank of New York Mellon Corp reduced its position in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 23.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 622,273 shares of the specialty chemicals company's stock after selling 187,536 shares during the quarter. Bank of New York Mellon Corp owned 0.54% of Kronos Worldwide worth $6,067,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KRO. Edgestream Partners L.P. bought a new stake in Kronos Worldwide in the 3rd quarter worth approximately $2,824,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Kronos Worldwide by 39.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company's stock worth $3,920,000 after acquiring an additional 88,277 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Kronos Worldwide in the 3rd quarter valued at $632,000. Algert Global LLC grew its holdings in shares of Kronos Worldwide by 230.0% during the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company's stock valued at $862,000 after purchasing an additional 48,240 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Kronos Worldwide by 522.7% during the 3rd quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company's stock valued at $683,000 after purchasing an additional 46,021 shares during the last quarter. 15.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer purchased 14,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of $7.43 per share, with a total value of $104,020.00. Following the transaction, the director now directly owns 21,460 shares in the company, valued at approximately $159,447.80. The trade was a 187.67 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

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Kronos Worldwide Trading Down 1.0 %

Shares of NYSE:KRO traded down $0.08 during trading on Thursday, reaching $7.89. 68,287 shares of the company traded hands, compared to its average volume of 193,904. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a 52-week low of $7.17 and a 52-week high of $14.50. The firm has a market capitalization of $907.63 million, a price-to-earnings ratio of 9.75 and a beta of 1.16. The business's fifty day moving average is $8.98 and its 200-day moving average is $10.38.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The firm had revenue of $423.10 million for the quarter, compared to analysts' expectations of $494.19 million.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 2.53%. Kronos Worldwide's dividend payout ratio (DPR) is presently 27.03%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Kronos Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday.

About Kronos Worldwide

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.