StockNews.com upgraded shares of Kronos Worldwide (NYSE:KRO - Free Report) from a hold rating to a buy rating in a report published on Tuesday morning.
Kronos Worldwide Stock Performance
Shares of KRO traded down $0.19 on Tuesday, reaching $7.70. 149,212 shares of the stock traded hands, compared to its average volume of 193,878. The stock's 50-day moving average price is $8.96 and its 200-day moving average price is $10.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The firm has a market cap of $885.20 million, a price-to-earnings ratio of 9.53 and a beta of 1.16. Kronos Worldwide has a 12 month low of $7.17 and a 12 month high of $14.50.
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 (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31). The business had revenue of $423.10 million during the quarter, compared to the consensus estimate of $494.19 million. Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%.
Kronos Worldwide Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, March 11th. Kronos Worldwide's dividend payout ratio (DPR) is 27.03%.
Insider Buying and Selling at Kronos Worldwide
In related news, Director Kevin B. Kramer bought 14,000 shares of Kronos Worldwide stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the transaction, the director now owns 21,460 shares of the company's stock, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.11% of the company's stock.
Institutional Investors Weigh In On Kronos Worldwide
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRO. Dimensional Fund Advisors LP raised its position in shares of Kronos Worldwide by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company's stock worth $30,859,000 after purchasing an additional 109,674 shares during the period. Vanguard Group Inc. raised its stake in shares of Kronos Worldwide by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company's stock worth $21,625,000 after purchasing an additional 13,869 shares in the last quarter. Boston Partners lifted its stake in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company's stock valued at $13,765,000 after acquiring an additional 629,387 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Kronos Worldwide by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company's stock worth $7,159,000 after purchasing an additional 31,830 shares during the period. Finally, State Street Corp lifted 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 buying an additional 8,218 shares during the last quarter. Institutional investors own 15.11% of the company's stock.
About Kronos Worldwide
(
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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