Charles Schwab Investment Management Inc. Purchases 3,916 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Charles Schwab Investment Management Inc. raised its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,568 shares of the specialty chemicals company’s stock after purchasing an additional 3,916 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.16% of Kronos Worldwide worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new position in Kronos Worldwide during the third quarter valued at $2,824,000. Jacobs Levy Equity Management Inc. raised its position in shares of Kronos Worldwide by 39.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock worth $3,920,000 after acquiring an additional 88,277 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Kronos Worldwide in the 3rd quarter worth approximately $632,000. Algert Global LLC increased its position in shares of Kronos Worldwide by 230.0% during the third quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after purchasing an additional 48,240 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Kronos Worldwide by 100.6% during the third quarter. BNP Paribas Financial Markets now owns 72,074 shares of the specialty chemicals company’s stock worth $897,000 after acquiring an additional 36,139 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Trading Down 2.6 %

Kronos Worldwide stock opened at $7.59 on Friday. The firm has a market cap of $872.55 million, a PE ratio of 9.36 and a beta of 1.16. Kronos Worldwide, Inc. has a 12 month low of $7.17 and a 12 month high of $14.50. The stock’s 50 day simple moving average is $8.77 and its two-hundred day simple moving average is $10.22. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The business had revenue of $423.10 million during the quarter, compared to analysts’ expectations of $494.19 million.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is presently 27.03%.

Insider Transactions at Kronos Worldwide

In related news, Director Kevin B. Kramer purchased 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now owns 21,460 shares in the company, valued at $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

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.