Kronos Worldwide Inc (NYSE:KRO) had its price objective boosted by stock analysts at SunTrust Banks, Inc. from $21.00 to $24.00 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. SunTrust Banks, Inc.’s price objective points to a potential downside of 3.61% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on KRO. BidaskClub cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC raised their target price on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One investment 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of Kronos Worldwide (NYSE:KRO) traded up 3.84% during trading on Wednesday, hitting $24.90. 823,546 shares of the stock traded hands. The firm has a market cap of $2.89 billion, a PE ratio of 67.30 and a beta of 2.17. Kronos Worldwide has a 52-week low of $7.27 and a 52-week high of $24.91. The company’s 50 day moving average is $21.93 and its 200 day moving average is $19.28.

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A number of hedge funds have recently made changes to their positions in the business. Campbell & CO Investment Adviser LLC lifted its position in Kronos Worldwide by 4.0% during the second quarter. Campbell & CO Investment Adviser LLC now owns 15,173 shares of the specialty chemicals company’s stock valued at $276,000 after buying an additional 584 shares in the last quarter. American International Group Inc. lifted its position in Kronos Worldwide by 7.1% during the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 894 shares in the last quarter. Kempen Capital Management N.V. lifted its position in Kronos Worldwide by 1.1% during the second 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 in the last quarter. The Manufacturers Life Insurance Company lifted its position in Kronos Worldwide by 5.4% during the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock valued at $379,000 after buying an additional 1,061 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its position in Kronos Worldwide by 10.0% during the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 1,326 shares in the last quarter. 15.41% of the stock is currently owned by hedge funds and other institutional investors.

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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