Dimensional Fund Advisors LP Buys 103,988 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Dimensional Fund Advisors LP grew its stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,937,071 shares of the specialty chemicals company's stock after acquiring an additional 103,988 shares during the period. Dimensional Fund Advisors LP owned 2.55% of Kronos Worldwide worth $36,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Eagle Investment Management LLC bought a new position in shares of Kronos Worldwide in the first quarter valued at $1,799,000. Los Angeles Capital Management LLC bought a new stake in Kronos Worldwide during the first quarter worth about $960,000. Mirador Capital Partners LP increased its stake in Kronos Worldwide by 3.2% in the first quarter. Mirador Capital Partners LP now owns 57,995 shares of the specialty chemicals company's stock valued at $684,000 after acquiring an additional 1,825 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Kronos Worldwide in the 1st quarter valued at $209,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Kronos Worldwide during the 2nd quarter valued at approximately $202,000. Institutional investors own 15.11% of the company's stock.

Kronos Worldwide Stock Performance

Shares of KRO traded down $0.16 on Wednesday, reaching $12.14. 118,315 shares of the company's stock traded hands, compared to its average volume of 236,605. The stock's 50 day simple moving average is $11.36 and its two-hundred day simple moving average is $12.08. The stock has a market cap of $1.40 billion, a PE ratio of -52.78 and a beta of 1.15. Kronos Worldwide, Inc. has a 52-week low of $6.16 and a 52-week high of $14.50. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55.

Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). The business had revenue of $500.50 million for the quarter, compared to analysts' expectations of $504.19 million. Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. On average, analysts forecast that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current fiscal year.

Kronos Worldwide Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were paid a $0.05 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.20 annualized dividend and a yield of 1.65%. Kronos Worldwide's payout ratio is -86.96%.

Analyst Ratings Changes

Separately, Barclays lifted their price target on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an "underweight" rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kronos Worldwide currently has a consensus rating of "Hold" and an average target price of $12.00.

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.