Kronos Worldwide, Inc. (NYSE:KRO) Shares Acquired by Boston Partners

Boston Partners lifted its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 80.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,412,106 shares of the specialty chemicals company’s stock after buying an additional 629,387 shares during the period. Boston Partners owned 1.23% of Kronos Worldwide worth $13,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new position in shares of Kronos Worldwide during the 3rd quarter worth $2,824,000. Jacobs Levy Equity Management Inc. lifted its position in Kronos Worldwide by 39.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock worth $3,920,000 after buying an additional 88,277 shares during the period. Zacks Investment Management acquired a new stake in Kronos Worldwide in the 3rd quarter worth about $632,000. Algert Global LLC grew its holdings in Kronos Worldwide by 230.0% in the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock valued at $862,000 after buying an additional 48,240 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Kronos Worldwide by 522.7% during the 3rd quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company’s stock valued at $683,000 after acquiring an additional 46,021 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Price Performance

Shares of Kronos Worldwide stock opened at $7.90 on Friday. The business’s fifty day moving average price is $8.96 and its 200 day moving average price is $10.36. Kronos Worldwide, Inc. has a twelve month low of $7.17 and a twelve month high of $14.50. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $908.21 million, a P/E ratio of 9.75 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data 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). The firm had revenue of $423.10 million during 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%.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.20 annualized dividend and a yield of 2.53%. Kronos Worldwide’s dividend payout ratio is currently 27.03%.

Insider Transactions at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer purchased 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $7.43 per share, with a total value of $104,020.00. Following the transaction, the director now owns 21,460 shares in the company, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday.

Kronos Worldwide 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.