Segall Bryant & Hamill LLC Makes New Investment in Kronos Worldwide, Inc. (NYSE:KRO)

Segall Bryant & Hamill LLC acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 127,116 shares of the specialty chemicals company's stock, valued at approximately $1,239,000. Segall Bryant & Hamill LLC owned about 0.11% of Kronos Worldwide at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Kronos Worldwide during the 4th quarter worth approximately $30,000. Quantbot Technologies LP purchased a new position in Kronos Worldwide in the 3rd quarter valued at $67,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Kronos Worldwide by 1,086.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company's stock valued at $120,000 after buying an additional 8,791 shares during the period. Centiva Capital LP purchased a new position in Kronos Worldwide during the 3rd quarter worth $138,000. Finally, Allworth Financial LP purchased a new stake in shares of Kronos Worldwide in the fourth quarter valued at about $180,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kronos Worldwide

In related news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the acquisition, the director now owns 21,460 shares in the company, valued at $159,447.80. This represents a 187.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kronos Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th.

Kronos Worldwide Price Performance

Shares of NYSE:KRO traded down $0.12 during trading on Wednesday, hitting $7.26. 18,675 shares of the stock were exchanged, compared to its average volume of 169,437. The company has a market cap of $835.05 million, a PE ratio of 8.97 and a beta of 1.16. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $10.17. Kronos Worldwide, Inc. 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 for the quarter, missing analysts' consensus estimates of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The firm had revenue of $423.10 million during the quarter, compared to analysts' expectations of $494.19 million.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Tuesday, March 11th. Kronos Worldwide's payout ratio is currently 27.03%.

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.