23,859 Shares in Kronos Worldwide, Inc. (NYSE:KRO) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,859 shares of the specialty chemicals company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Aigen Investment Management LP bought a new position in shares of Kronos Worldwide in the third quarter worth about $141,000. Cornercap Investment Counsel Inc. bought a new position in Kronos Worldwide in the 3rd quarter worth about $264,000. Quest Partners LLC grew its stake in Kronos Worldwide by 522.7% in the 3rd quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company’s stock worth $683,000 after acquiring an additional 46,021 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Kronos Worldwide by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after acquiring an additional 3,833 shares during the period. Finally, Algert Global LLC raised its stake 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 valued at $862,000 after acquiring an additional 48,240 shares in the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Price Performance

Shares of KRO opened at $8.27 on Wednesday. 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 company has a 50 day moving average price of $9.34 and a 200-day moving average price of $10.65. Kronos Worldwide, Inc. has a fifty-two week low of $8.24 and a fifty-two week high of $14.50. The stock has a market capitalization of $950.89 million, a PE ratio of 10.20 and a beta of 1.14.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, March 11th. 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.