Zacks Investment Management Acquires New Position in Kronos Worldwide, Inc. (NYSE:KRO)

Zacks Investment Management acquired a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,723 shares of the specialty chemicals company's stock, valued at approximately $632,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRO. Twelve Points Wealth Management LLC increased its position in shares of Kronos Worldwide by 2.5% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company's stock valued at $452,000 after buying an additional 901 shares in the last quarter. Rhumbline Advisers increased its stake in Kronos Worldwide by 3.7% in the 2nd quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company's stock valued at $412,000 after buying an additional 1,162 shares during the last quarter. nVerses Capital LLC increased its position in shares of Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company's stock valued at $55,000 after acquiring an additional 2,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kronos Worldwide by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company's stock worth $2,237,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Kronos Worldwide in the 3rd quarter valued at about $67,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays upped their price target on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

Kronos Worldwide Price Performance

Shares of NYSE:KRO traded down $0.05 during trading on Wednesday, hitting $10.41. 706,859 shares of the company were exchanged, compared to its average volume of 221,701. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.91 and a beta of 1.13. Kronos Worldwide, Inc. has a 1-year low of $8.26 and a 1-year high of $14.50. The business's 50 day moving average is $11.58 and its 200-day moving average is $11.93.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, November 29th. Kronos Worldwide's dividend payout ratio is 24.69%.

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.