Acadian Asset Management LLC Makes New Investment in Kronos Worldwide, Inc. (NYSE:KRO)

Acadian Asset Management LLC acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,214 shares of the specialty chemicals company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Kronos Worldwide by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,801,767 shares of the specialty chemicals company’s stock worth $27,851,000 after buying an additional 66,081 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Kronos Worldwide by 0.3% in the first quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock valued at $26,097,000 after acquiring an additional 5,884 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Kronos Worldwide by 99.9% in the second quarter. Los Angeles Capital Management LLC now owns 162,680 shares of the specialty chemicals company’s stock worth $2,042,000 after acquiring an additional 81,303 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of Kronos Worldwide during the first quarter worth approximately $1,799,000. Finally, Mirador Capital Partners LP raised its stake in Kronos Worldwide by 3.0% in the 2nd quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company’s stock valued at $750,000 after purchasing an additional 1,767 shares during the last quarter. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Trading Down 0.8 %

Shares of Kronos Worldwide stock opened at $11.34 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.61 and a quick ratio of 1.98. The stock’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $11.96. The stock has a market cap of $1.30 billion, a P/E ratio of -48.91 and a beta of 1.15. Kronos Worldwide, Inc. has a 1-year low of $6.16 and a 1-year high of $14.50.

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

Kronos Worldwide Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date was Friday, September 6th. Kronos Worldwide’s dividend payout ratio is currently -86.96%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kronos Worldwide from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Kronos Worldwide currently has a consensus rating of “Hold” and an average target price of $11.67.

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.