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Kronos Worldwide, Inc. (NYSE:KRO - Get Rating) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,470,000 shares, a decline of 7.0% from the July 31st total of 1,580,000 shares. Approximately 6.7% of the company's stock are short sold. Based on an average daily trading volume, of 304,000 shares, the short-interest ratio is presently 4.8 days. Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. IndexIQ Advisors LLC acquired a new position in shares of Kronos Worldwide in the 1st quarter valued at $403,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Kronos Worldwide during the 4th quarter worth $344,000. Advisors Asset Management Inc. increased its holdings in Kronos Worldwide by 2.5% during the 4th quarter. Advisors Asset Management Inc. now owns 894,527 shares of the specialty chemicals company's stock worth $13,427,000 after purchasing an additional 22,203 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Kronos Worldwide during the 1st quarter worth about $529,000. Finally, WINTON GROUP Ltd bought a new position in Kronos Worldwide during the 1st quarter worth about $185,000. Institutional investors and hedge funds own 15.33% of the company's stock. Kronos Worldwide Trading Up 2.1 %
Shares of KRO stock traded up $0.27 during trading hours on Thursday, reaching $13.15. The company had a trading volume of 5,546 shares, compared to its average volume of 218,317. The company has a 50 day moving average of $16.50 and a 200 day moving average of $16.32. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.43 and a quick ratio of 2.89. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 8.64 and a beta of 0.97. Kronos Worldwide has a 1-year low of $12.06 and a 1-year high of $19.78. Kronos Worldwide Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Wednesday, August 31st. Kronos Worldwide's dividend payout ratio (DPR) is currently 51.01%. Analyst Ratings Changes
A number of analysts have weighed in on KRO shares. StockNews.com cut Kronos Worldwide from a "strong-buy" rating to a "buy" rating in a research report on Monday. Barclays cut their price objective on Kronos Worldwide from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, August 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Kronos Worldwide from $20.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, August 17th.About Kronos Worldwide (Get Rating)
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.See AlsoGet a free copy of the StockNews.com research report on Kronos Worldwide (KRO)How will the chip ban affect Nvidia's stock?Is Best Buy A Sneaky Buy for Q4?Does The Bed Bath and Beyond Stock Rally Still Have Legs?Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? Is World Wresting Entertainment Getting Ready to Be Sold?
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