KBC Group NV raised its holdings in Kronos Worldwide Inc (NYSE:KRO) by 92.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,242 shares of the specialty chemicals company’s stock after buying an additional 63,513 shares during the quarter. KBC Group NV owned 0.11% of Kronos Worldwide worth $3,019,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Kempen Capital Management N.V. increased its holdings in Kronos Worldwide by 1.1% in the 2nd quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock valued at $1,611,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Kronos Worldwide by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 1,061 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Kronos Worldwide by 5.7% in the 2nd quarter. Rhumbline Advisers now owns 26,386 shares of the specialty chemicals company’s stock worth $481,000 after purchasing an additional 1,428 shares during the last quarter. Morgan Stanley grew its holdings in shares of Kronos Worldwide by 1.3% in the 1st quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock worth $3,367,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Kronos Worldwide by 11.1% in the 2nd quarter. Alliancebernstein L.P. now owns 30,000 shares of the specialty chemicals company’s stock worth $547,000 after purchasing an additional 3,000 shares during the last quarter. 16.18% of the stock is currently owned by hedge funds and other institutional investors.
Kronos Worldwide Inc (KRO) opened at $25.19 on Friday. The stock has a market cap of $2,933.48, a PE ratio of 17.34, a P/E/G ratio of 3.11 and a beta of 2.18. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66. Kronos Worldwide Inc has a 52-week low of $11.12 and a 52-week high of $29.49.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.21. The business had revenue of $464.50 million for the quarter, compared to the consensus estimate of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. analysts forecast that Kronos Worldwide Inc will post 1.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. Kronos Worldwide’s payout ratio is presently 20.98%.
Several equities research analysts have recently weighed in on KRO shares. ValuEngine lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. SunTrust Banks upped their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Barclays upped their target price on shares of Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.00.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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