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% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,695 shares of the specialty chemicals company’s stock after acquiring an additional 25,849 shares during the period. Barclays PLC’s holdings in Kronos Worldwide were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock valued at $36,860,000 after purchasing an additional 103,988 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Kronos Worldwide by 1.3% during the second quarter. Renaissance Technologies LLC now owns 660,500 shares of the specialty chemicals company’s stock valued at $8,289,000 after buying an additional 8,400 shares during the last quarter. State Street Corp raised its position in Kronos Worldwide by 1.4% in the 3rd quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock worth $7,165,000 after buying an additional 8,218 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in 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 valued at $4,526,000 after acquiring an additional 208,256 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Kronos Worldwide by 39.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after acquiring an additional 88,277 shares during the period. Institutional investors own 15.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays boosted their price objective 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 investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.00.

Kronos Worldwide Stock Up 0.3 %

Kronos Worldwide stock opened at $9.54 on Friday. Kronos Worldwide, Inc. has a one year low of $8.26 and a one year high of $14.50. The stock has a fifty day moving average of $10.29 and a 200 day moving average of $11.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The stock has a market cap of $1.10 billion, a PE ratio of 11.77 and a beta of 1.16.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, November 29th. Kronos Worldwide’s payout ratio is 24.69%.

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.