Kronos Worldwide Sees Unusually High Options Volume (KRO)

Kronos Worldwide Inc (NYSE:KRO) was the recipient of some unusual options trading activity on Monday. Traders bought 1,235 call options on the company. This is an increase of 2,029% compared to the average volume of 58 call options.

A number of research firms recently commented on KRO. Zacks Investment Research downgraded shares of Kronos Worldwide from a “buy” rating to a “sell” rating in a research report on Wednesday, May 16th. ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, March 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Kronos Worldwide has a consensus rating of “Hold” and a consensus price target of $24.67.

NYSE KRO opened at $24.77 on Wednesday. The company has a current ratio of 4.58, a quick ratio of 2.93 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $2.87 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.69 and a beta of 2.36. Kronos Worldwide has a 12 month low of $17.11 and a 12 month high of $29.49.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Monday, March 12th. The specialty chemicals company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.35. The firm had revenue of $453.30 million for the quarter, compared to the consensus estimate of $421.00 million. Kronos Worldwide had a net margin of 21.70% and a return on equity of 38.70%. research analysts forecast that Kronos Worldwide will post 2.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Tuesday, June 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, June 4th. Kronos Worldwide’s dividend payout ratio (DPR) is 36.17%.

Several hedge funds and other institutional investors have recently bought and sold shares of KRO. Advisor Group Inc. grew its position in Kronos Worldwide by 285.0% during the 4th quarter. Advisor Group Inc. now owns 4,455 shares of the specialty chemicals company’s stock worth $115,000 after purchasing an additional 3,298 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Kronos Worldwide during the 4th quarter worth $204,000. Raymond James & Associates purchased a new position in Kronos Worldwide during the 4th quarter worth $225,000. Investors Research Corp purchased a new position in Kronos Worldwide during the 4th quarter worth $229,000. Finally, Stone Ridge Asset Management LLC purchased a new position in Kronos Worldwide during the 4th quarter worth $233,000. 17.24% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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