Kronos Worldwide (NYSE:KRO) Rating Increased to Buy at StockNews.com

Kronos Worldwide (NYSE:KRO) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Kronos Worldwide Stock Performance

Shares of Kronos Worldwide stock opened at $7.82 on Tuesday. Kronos Worldwide has a one year low of $7.17 and a one year high of $14.50. The firm has a market capitalization of $899.01 million, a price-to-earnings ratio of 9.65 and a beta of 1.16. The business has a 50-day simple moving average of $9.03 and a 200 day simple moving average of $10.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30.

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

Insider Buying and Selling at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer bought 14,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the purchase, the director now directly owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This represents a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Kronos Worldwide

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Wyoming boosted its stake in shares of Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 1,105 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Kronos Worldwide by 0.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 315,992 shares of the specialty chemicals company’s stock worth $3,081,000 after buying an additional 1,130 shares during the last quarter. Aquatic Capital Management LLC boosted its stake in shares of Kronos Worldwide by 144.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 1,883 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Kronos Worldwide in the 4th quarter worth approximately $25,000. Finally, Rhumbline Advisers boosted its stake in shares of Kronos Worldwide by 8.7% in the 4th quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company’s stock worth $341,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

About Kronos Worldwide

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.