Nationwide Fund Advisors raised its stake in shares of Kronos Worldwide Inc (NYSE:KRO) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,573 shares of the specialty chemicals company’s stock after buying an additional 1,326 shares during the period. Nationwide Fund Advisors’ holdings in Kronos Worldwide were worth $239,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Kronos Worldwide by 33.8% in the first quarter. Bank of Montreal Can now owns 21,077 shares of the specialty chemicals company’s stock worth $346,000 after buying an additional 5,326 shares in the last quarter. Teachers Advisors LLC raised its stake in Kronos Worldwide by 98.4% in the fourth quarter. Teachers Advisors LLC now owns 107,651 shares of the specialty chemicals company’s stock worth $1,285,000 after buying an additional 53,380 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Kronos Worldwide during the fourth quarter worth approximately $184,000. Metropolitan Life Insurance Co. NY raised its stake in Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 1,284 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new stake in Kronos Worldwide during the fourth quarter worth approximately $386,000. Hedge funds and other institutional investors own 14.19% of the company’s stock.
Kronos Worldwide Inc (NYSE KRO) opened at 18.56 on Friday. Kronos Worldwide Inc has a 12 month low of $4.70 and a 12 month high of $19.96. The company has a 50-day moving average price of $18.51 and a 200 day moving average price of $15.45. The company has a market capitalization of $2.15 billion, a PE ratio of 25.64 and a beta of 2.08. Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.08. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The firm had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. During the same period in the prior year, the firm posted ($0.03) EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities research analysts forecast that Kronos Worldwide Inc will post $1.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, June 6th were given a dividend of $0.15 per share. The ex-dividend date was Friday, June 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.23%. Kronos Worldwide’s payout ratio is 83.33%. KRO has been the subject of a number of research analyst reports. ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Barclays PLC increased their price objective on Kronos Worldwide from $7.00 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, March 14th. BidaskClub downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a report on Friday, March 17th. Finally, Standpoint Research downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $15.00.
In other news, insider Benjiman R. Corona sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total transaction of $36,700.00. Following the completion of the sale, the insider now directly owns 500 shares in the company, valued at approximately $9,175. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock. About Kronos Worldwide
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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