Advisors Asset Management Inc. Sells 154,554 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Advisors Asset Management Inc. lowered its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 24.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,164 shares of the specialty chemicals company's stock after selling 154,554 shares during the quarter. Advisors Asset Management Inc. owned about 0.42% of Kronos Worldwide worth $5,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC boosted its holdings in Kronos Worldwide by 136.6% during the second quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company's stock valued at $4,526,000 after acquiring an additional 208,256 shares during the period. AQR Capital Management LLC bought a new stake in Kronos Worldwide during the 2nd quarter valued at approximately $783,000. Allspring Global Investments Holdings LLC acquired a new stake in Kronos Worldwide in the 3rd quarter valued at approximately $1,521,000. Jacobs Levy Equity Management Inc. bought a new position in Kronos Worldwide in the 1st quarter worth approximately $209,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Kronos Worldwide during the second quarter worth approximately $131,000. Institutional investors and hedge funds own 15.11% of the company's stock.

Kronos Worldwide Stock Performance

Shares of KRO stock traded up $0.07 during mid-day trading on Friday, reaching $11.68. The stock had a trading volume of 149,524 shares, compared to its average volume of 221,075. Kronos Worldwide, Inc. has a one year low of $8.26 and a one year high of $14.50. The firm has a market cap of $1.34 billion, a PE ratio of 14.42 and a beta of 1.16. The firm's 50 day simple moving average is $11.81 and its 200 day simple moving average is $12.11. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed 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 1.71%. The ex-dividend date of this dividend is Friday, November 29th. Kronos Worldwide's payout ratio is 24.69%.

Analysts Set New Price Targets

Separately, Barclays boosted 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 analysts have rated the stock with a sell rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.00.

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.