Strs Ohio decreased its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,400 shares of the specialty chemicals company’s stock after selling 2,800 shares during the quarter. Strs Ohio’s holdings in Kronos Worldwide were worth $757,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of KRO. Vanguard Group Inc. increased its position in Kronos Worldwide by 37.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock valued at $40,589,000 after buying an additional 603,137 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Kronos Worldwide during the 2nd quarter valued at about $3,661,000. Dimensional Fund Advisors LP grew its stake in Kronos Worldwide by 11.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock valued at $30,826,000 after purchasing an additional 139,252 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Kronos Worldwide during the 3rd quarter valued at about $2,168,000. Finally, Smith Asset Management Group LP purchased a new stake in Kronos Worldwide during the 3rd quarter valued at about $1,556,000. Institutional investors own 16.33% of the company’s stock.
A number of analysts have recently commented on KRO shares. Barclays upped their target price on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 14th. Zacks Investment Research cut Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Kronos Worldwide has a consensus rating of “Hold” and an average price target of $24.00.
Kronos Worldwide, Inc. (KRO) traded up $0.26 during mid-day trading on Friday, reaching $24.52. The company’s stock had a trading volume of 407,176 shares, compared to its average volume of 484,275. Kronos Worldwide, Inc. has a one year low of $13.53 and a one year high of $29.49. The firm has a market capitalization of $2,819.90, a PE ratio of 8.46, a price-to-earnings-growth ratio of 2.12 and a beta of 2.25. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.86 and a current ratio of 4.26.
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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