Kronos Worldwide (NYSE:KRO) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Kronos Worldwide (NYSE:KRO) from a buy rating to a strong-buy rating in a report issued on Monday.

Separately, Barclays lifted 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 equities research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $12.00.

Kronos Worldwide Price Performance

NYSE:KRO opened at $9.54 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The company has a 50 day moving average price of $10.24 and a 200-day moving average price of $11.16. Kronos Worldwide has a 1-year low of $8.26 and a 1-year high of $14.50. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.77 and a beta of 1.16.

Kronos Worldwide Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.10%. Kronos Worldwide’s dividend payout ratio (DPR) is 24.69%.

Hedge Funds Weigh In On Kronos Worldwide

Large investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC raised its holdings in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 2,000 shares during the last quarter. Quantbot Technologies LP acquired a new position in Kronos Worldwide in the 3rd quarter valued at $67,000. 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 valued at $120,000 after purchasing an additional 8,791 shares in the last quarter. Jade Capital Advisors LLC purchased a new position in Kronos Worldwide in the 3rd quarter valued at $124,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Kronos Worldwide during the 2nd quarter worth $131,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

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.