Jane Street Group LLC Sells 34,328 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Jane Street Group LLC trimmed its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 54.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,617 shares of the specialty chemicals company’s stock after selling 34,328 shares during the quarter. Jane Street Group LLC’s holdings in Kronos Worldwide were worth $356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. nVerses Capital LLC lifted its holdings in Kronos Worldwide by 83.3% in the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 2,000 shares during the period. Quantbot Technologies LP purchased a new stake in Kronos Worldwide in the 3rd quarter worth approximately $67,000. Quest Partners LLC lifted its holdings in Kronos Worldwide by 9,905.7% in the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 8,717 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Kronos Worldwide by 1,086.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock worth $120,000 after buying an additional 8,791 shares during the period. Finally, Jade Capital Advisors LLC purchased a new stake in Kronos Worldwide in the 3rd quarter worth approximately $124,000. 15.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Kronos Worldwide Trading Down 2.7 %

KRO opened at $9.10 on Thursday. The stock has a market cap of $1.05 billion, a PE ratio of 11.23 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $10.68 and a 200-day moving average of $11.36. Kronos Worldwide, Inc. has a 52 week low of $8.26 and a 52 week high of $14.50.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, November 29th. Kronos Worldwide’s payout ratio is 24.69%.

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.