Quest Partners LLC Increases Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Quest Partners LLC lifted its stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) by 522.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,826 shares of the specialty chemicals company's stock after buying an additional 46,021 shares during the quarter. Quest Partners LLC's holdings in Kronos Worldwide were worth $683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC boosted its position in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 2,000 shares during the last quarter. Jade Capital Advisors LLC bought a new position in shares of Kronos Worldwide during the third quarter worth $124,000. The Manufacturers Life Insurance Company bought a new position in shares of Kronos Worldwide during the second quarter worth $131,000. Aigen Investment Management LP bought a new position in shares of Kronos Worldwide during the third quarter worth $141,000. Finally, XTX Topco Ltd bought a new position in shares of Kronos Worldwide during the second quarter worth $175,000. Institutional investors own 15.11% of the company's stock.

Kronos Worldwide Price Performance

KRO stock traded up $0.07 during trading on Friday, hitting $11.68. 149,524 shares of the company's stock traded hands, compared to its average volume of 166,385. Kronos Worldwide, Inc. has a 52 week low of $8.26 and a 52 week high of $14.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The business has a fifty day simple moving average of $11.82 and a 200 day simple moving average of $12.11. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.46 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.71%. Kronos Worldwide's dividend payout ratio (DPR) is currently 24.69%.

Analysts Set New Price Targets

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