Posted by admin on Aug 9th, 2022

Kronos Worldwide, Inc. (NYSE:KRO – Get Rating)’s share price was down 3.1% on Monday after Barclays lowered their price target on the stock from $16.00 to $15.00. Barclays currently has an underweight rating on the stock. Kronos Worldwide traded as low as $15.80 and last traded at $15.80. Approximately 1,099 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 208,190 shares. The stock had previously closed at $16.30.

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Kronos Worldwide from $18.00 to $20.00 in a research note on Thursday, May 19th.

In other news, major shareholder Corp Contran sold 5,900 shares of the business’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $21.94, for a total transaction of $129,446.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in Kronos Worldwide in the fourth quarter worth $344,000. Quadrant Capital Group LLC grew its position in Kronos Worldwide by 108.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,750 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 911 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Kronos Worldwide by 2.5% in the fourth 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 during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Kronos Worldwide by 49.6% in the fourth quarter. BNP Paribas Arbitrage SA now owns 8,696 shares of the specialty chemicals company’s stock worth $131,000 after purchasing an additional 2,885 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Kronos Worldwide in the fourth quarter worth $31,000. 14.82% of the stock is currently owned by hedge funds and other institutional investors.

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 capitalization of $1.79 billion, a P/E ratio of 10.38 and a beta of 0.98. The firm’s 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $16.30.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 4.92%. The ex-dividend date is Wednesday, August 31st. Kronos Worldwide’s dividend payout ratio is presently 51.01%.

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.

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