Barclays PLC Raises Position in Kronos Worldwide, Inc. (NYSE:KRO)

Barclays PLC lifted its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 329.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,695 shares of the specialty chemicals company’s stock after acquiring an additional 25,849 shares during the quarter. Barclays PLC’s holdings in Kronos Worldwide were worth $419,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new stake in Kronos Worldwide in the third quarter valued at $2,824,000. First Eagle Investment Management LLC increased its holdings in shares of Kronos Worldwide by 136.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock valued at $4,526,000 after purchasing an additional 208,256 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Kronos Worldwide in the third quarter valued at about $1,521,000. Dimensional Fund Advisors LP boosted its holdings in 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 worth $36,860,000 after buying an additional 103,988 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in Kronos Worldwide by 39.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock worth $3,920,000 after buying an additional 88,277 shares during the period. 15.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kronos Worldwide Price Performance

Shares of NYSE KRO opened at $9.34 on Friday. 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 company’s 50-day moving average price is $10.81 and its 200 day moving average price is $11.46. Kronos Worldwide, Inc. has a 52 week low of $8.26 and a 52 week high of $14.50. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 11.53 and a beta of 1.13.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.14%. Kronos Worldwide’s dividend payout ratio (DPR) is 24.69%.

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.