19,705 Shares in Kronos Worldwide, Inc. (NYSE:KRO) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,705 shares of the specialty chemicals company’s stock, valued at approximately $245,000.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC lifted its position in shares of Kronos Worldwide by 136.6% during the 2nd quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock worth $4,526,000 after buying an additional 208,256 shares during the period. AQR Capital Management LLC bought a new position in shares of Kronos Worldwide during the second quarter valued at $783,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Kronos Worldwide in the 3rd quarter valued at $1,521,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kronos Worldwide in the 1st quarter worth about $209,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Kronos Worldwide during the 2nd quarter worth about $131,000. 15.11% of the stock is currently owned by institutional investors.

Kronos Worldwide Price Performance

Shares of KRO stock opened at $11.31 on Monday. Kronos Worldwide, Inc. has a 1 year low of $8.26 and a 1 year high of $14.50. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm’s 50 day moving average is $11.83 and its 200-day moving average is $12.06. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.96 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.77%. Kronos Worldwide’s dividend payout ratio (DPR) is currently 24.69%.

Analyst Ratings Changes

Separately, Barclays raised their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.