Kronos Worldwide (NYSE:KRO - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Tuesday.
Kronos Worldwide Stock Performance
Shares of NYSE KRO traded down $0.16 during midday trading on Tuesday, reaching $9.58. 98,425 shares of the company were exchanged, compared to its average volume of 168,946. The stock has a market cap of $1.10 billion, a P/E ratio of 11.83 and a beta of 1.16. Kronos Worldwide has a 1 year low of $8.26 and a 1 year high of $14.50. The stock has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $11.02. 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 (NYSE:KRO - Get Free Report) last released its earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.28. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The business had revenue of $484.70 million for the quarter, compared to analyst estimates of $588.59 million.
Institutional Trading of Kronos Worldwide
Several hedge funds have recently modified their holdings of KRO. Dimensional Fund Advisors LP raised its stake in shares of Kronos Worldwide by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company's stock worth $36,860,000 after buying an additional 103,988 shares during the last quarter. State Street Corp grew its position in shares of Kronos Worldwide by 1.4% in the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company's stock valued at $7,165,000 after purchasing an additional 8,218 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Kronos Worldwide by 39.0% during 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 purchasing an additional 88,277 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Kronos Worldwide during the 3rd quarter valued at $2,824,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of 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 worth $2,237,000 after acquiring an additional 3,833 shares during the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.
Kronos Worldwide Company Profile
(
Get Free Report)
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.
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