Kronos Worldwide, Inc. (NYSE:KRO) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 9,905.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,805 shares of the specialty chemicals company’s stock after purchasing an additional 8,717 shares during the period. Quest Partners LLC’s holdings in Kronos Worldwide were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Kronos Worldwide by 3.7% in the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock valued at $412,000 after purchasing an additional 1,162 shares during the last quarter. Twelve Points Wealth Management LLC raised its holdings in shares of Kronos Worldwide by 4.1% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 35,388 shares of the specialty chemicals company’s stock worth $444,000 after acquiring an additional 1,394 shares during the period. Mirador Capital Partners LP boosted its position in shares of Kronos Worldwide by 3.0% during the 2nd quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company’s stock valued at $750,000 after acquiring an additional 1,767 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Kronos Worldwide by 7.8% in the first quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the specialty chemicals company’s stock valued at $448,000 after purchasing an additional 2,736 shares during the period. Finally, Vanguard Group Inc. increased its position in Kronos Worldwide by 0.3% during the first quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock worth $26,097,000 after purchasing an additional 5,884 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Up 0.1 %

Shares of KRO opened at $11.23 on Tuesday. The company’s 50-day moving average price is $11.41 and its 200 day moving average price is $11.96. Kronos Worldwide, Inc. has a 12-month low of $6.16 and a 12-month high of $14.50. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.29 billion, a P/E ratio of -48.83 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The company had revenue of $500.50 million during the quarter, compared to analysts’ expectations of $504.19 million. Kronos Worldwide had a net margin of 0.11% and a return on equity of 0.24%. On average, sell-side analysts forecast that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current year.

Kronos Worldwide Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, September 6th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.78%. Kronos Worldwide’s dividend payout ratio is currently -86.96%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price target on shares of Kronos Worldwide from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.67.

About Kronos Worldwide

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.