Jacobs Levy Equity Management Inc. Has $3.92 Million Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Jacobs Levy Equity Management Inc. increased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 39.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 314,862 shares of the specialty chemicals company's stock after acquiring an additional 88,277 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.27% of Kronos Worldwide worth $3,920,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. nVerses Capital LLC boosted its holdings in shares of 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 during the period. Quantbot Technologies LP acquired a new stake in shares of Kronos Worldwide during the 3rd quarter valued at about $67,000. Quest Partners LLC grew its stake in shares of Kronos Worldwide by 9,905.7% in the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company's stock valued at $111,000 after buying an additional 8,717 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Kronos Worldwide by 1,086.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company's stock valued at $120,000 after buying an additional 8,791 shares in the last quarter. Finally, Jade Capital Advisors LLC bought a new position in Kronos Worldwide during the third quarter valued at approximately $124,000. Hedge funds and other institutional investors own 15.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.00.

Kronos Worldwide Price Performance

Shares of NYSE KRO traded up $0.11 during mid-day trading on Friday, hitting $10.36. 159,399 shares of the stock were exchanged, compared to its average volume of 173,222. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50. The stock's fifty day simple moving average is $11.66 and its two-hundred day simple moving average is $11.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a market cap of $1.19 billion, a P/E ratio of 12.79 and a beta of 1.13.

Kronos Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. Kronos Worldwide's payout ratio is 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.