AQR Capital Management LLC Invests $783,000 in Kronos Worldwide, Inc. (NYSE:KRO)

AQR Capital Management LLC acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 62,417 shares of the specialty chemicals company's stock, valued at approximately $783,000. AQR Capital Management LLC owned approximately 0.05% of Kronos Worldwide at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its holdings in shares of Kronos Worldwide by 9,905.7% during 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 during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Kronos Worldwide during the 1st quarter valued at about $134,000. XTX Topco Ltd purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at about $175,000. Sei Investments Co. purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at about $184,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Kronos Worldwide during the 2nd quarter valued at about $202,000. 15.11% of the stock is owned by institutional investors and hedge funds.

Kronos Worldwide Stock Performance

Shares of NYSE KRO traded down $0.02 during trading on Monday, reaching $12.16. The stock had a trading volume of 134,774 shares, compared to its average volume of 231,139. Kronos Worldwide, Inc. has a one year low of $6.20 and a one year high of $14.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.98 and a current ratio of 3.61. The stock has a market cap of $1.40 billion, a PE ratio of -52.87 and a beta of 1.15. The firm's 50 day moving average price is $11.43 and its two-hundred day moving average price is $12.10.

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

Kronos Worldwide Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were given a dividend of $0.05 per share. The ex-dividend date was Friday, September 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. Kronos Worldwide's dividend payout ratio (DPR) is presently -86.96%.

Wall Street Analyst Weigh In

Separately, Barclays lifted their price objective on 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 assigned a buy rating to the company's stock. According to MarketBeat, Kronos Worldwide presently has a consensus rating of "Hold" and a consensus price target of $12.00.

Kronos Worldwide Company 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.