The Manufacturers Life Insurance Company Buys Shares of 10,463 Kronos Worldwide, Inc. (NYSE:KRO)

The Manufacturers Life Insurance Company purchased a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,463 shares of the specialty chemicals company’s stock, valued at approximately $131,000.

A number of other institutional investors also recently made changes to their positions in KRO. Dimensional Fund Advisors LP increased its stake in shares of Kronos Worldwide by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock valued at $36,860,000 after acquiring an additional 103,988 shares during the period. Vanguard Group Inc. increased its position in shares of Kronos Worldwide by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock valued at $26,097,000 after purchasing an additional 5,884 shares during the period. Renaissance Technologies LLC raised its stake in shares of Kronos Worldwide by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 660,500 shares of the specialty chemicals company’s stock worth $8,289,000 after buying an additional 8,400 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Kronos Worldwide by 136.6% in the second quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock valued at $4,526,000 after buying an additional 208,256 shares during the period. Finally, American Century Companies Inc. boosted its stake in Kronos Worldwide by 25.9% during the second quarter. American Century Companies Inc. now owns 187,944 shares of the specialty chemicals company’s stock valued at $2,359,000 after buying an additional 38,647 shares in the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

Kronos Worldwide Price Performance

Shares of NYSE:KRO opened at $12.10 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.98 and a current ratio of 3.61. The company has a market capitalization of $1.39 billion, a PE ratio of -52.61 and a beta of 1.15. The stock has a fifty day moving average of $11.57 and a 200-day moving average of $12.11. Kronos Worldwide, Inc. has a one year low of $6.20 and a one year high of $14.50.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results 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 net margin of 0.11% and a return on equity of 0.24%. The company had revenue of $500.50 million during the quarter, compared to analyst estimates of $504.19 million. As a group, equities analysts anticipate that Kronos Worldwide, Inc. will post 0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays upped their price target on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

Kronos Worldwide Company 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.