Edgestream Partners L.P. Makes New Investment in Kronos Worldwide, Inc. (NYSE:KRO)

Edgestream Partners L.P. acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 226,811 shares of the specialty chemicals company's stock, valued at approximately $2,824,000. Edgestream Partners L.P. owned 0.20% of Kronos Worldwide as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Twelve Points Wealth Management LLC lifted its position in shares of Kronos Worldwide by 2.5% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company's stock valued at $452,000 after acquiring an additional 901 shares during the period. Rhumbline Advisers increased its stake in Kronos Worldwide by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company's stock valued at $412,000 after purchasing an additional 1,162 shares in the last quarter. Mirador Capital Partners LP raised its holdings in Kronos Worldwide by 3.0% during the second quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company's stock worth $750,000 after purchasing an additional 1,767 shares during the last quarter. nVerses Capital LLC boosted its position in Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Kronos Worldwide by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company's stock valued at $2,237,000 after purchasing an additional 3,833 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays boosted their price objective 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 investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat, Kronos Worldwide has a consensus rating of "Hold" and an average target price of $12.00.

Kronos Worldwide Price Performance

Shares of NYSE KRO traded down $0.77 during trading on Monday, reaching $10.54. The company had a trading volume of 319,511 shares, compared to its average volume of 219,935. 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 stock has a market capitalization of $1.21 billion, a PE ratio of 13.11 and a beta of 1.16. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50. The stock has a 50-day moving average price of $11.83 and a two-hundred day moving average price of $12.06.

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be paid a $0.05 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.90%. Kronos Worldwide's payout ratio is currently 24.69%.

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.