Allspring Global Investments Holdings LLC Takes $1.52 Million Position in Kronos Worldwide, Inc. (NYSE:KRO)

Allspring Global Investments Holdings LLC purchased a new stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 122,131 shares of the specialty chemicals company's stock, valued at approximately $1,521,000. Allspring Global Investments Holdings LLC owned approximately 0.11% of Kronos Worldwide as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Kronos Worldwide by 661.7% in the first quarter. BNP Paribas Financial Markets now owns 40,606 shares of the specialty chemicals company's stock valued at $479,000 after buying an additional 35,275 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Kronos Worldwide by 7.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the specialty chemicals company's stock valued at $448,000 after buying an additional 2,736 shares during the period. First Eagle Investment Management LLC purchased a new stake in Kronos Worldwide during the 1st quarter worth approximately $1,799,000. Vanguard Group Inc. increased its holdings in Kronos Worldwide by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company's stock worth $26,097,000 after purchasing an additional 5,884 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Kronos Worldwide during the 1st quarter worth approximately $209,000. 15.11% of the stock is owned by institutional investors and hedge funds.

Kronos Worldwide Stock Performance

Kronos Worldwide stock traded down $0.01 during trading hours on Thursday, reaching $11.54. 93,420 shares of the company were exchanged, compared to its average volume of 223,930. Kronos Worldwide, Inc. has a 12 month low of $6.75 and a 12 month 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. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -50.17 and a beta of 1.15. The stock has a 50-day moving average of $11.65 and a 200 day moving average of $12.09.

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

Analyst Upgrades and Downgrades

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