First Trust Advisors LP boosted its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 544.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 228,296 shares of the specialty chemicals company’s stock after buying an additional 192,855 shares during the period. First Trust Advisors LP owned 0.20% of Kronos Worldwide worth $2,630,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Verition Fund Management LLC grew its position in Kronos Worldwide by 37.7% in the third quarter. Verition Fund Management LLC now owns 15,183 shares of the specialty chemicals company’s stock worth $247,000 after acquiring an additional 4,153 shares in the last quarter. Stevens Capital Management LP purchased a new position in Kronos Worldwide in the third quarter worth about $256,000. MetLife Investment Advisors LLC grew its position in Kronos Worldwide by 56.3% in the third quarter. MetLife Investment Advisors LLC now owns 17,504 shares of the specialty chemicals company’s stock worth $284,000 after acquiring an additional 6,305 shares in the last quarter. Caxton Associates LP purchased a new position in Kronos Worldwide in the third quarter worth about $381,000. Finally, WINTON GROUP Ltd grew its position in Kronos Worldwide by 19.4% in the third quarter. WINTON GROUP Ltd now owns 25,496 shares of the specialty chemicals company’s stock worth $414,000 after acquiring an additional 4,137 shares in the last quarter. Institutional investors and hedge funds own 20.83% of the company’s stock.
KRO opened at $13.80 on Friday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.92 and a beta of 2.03. Kronos Worldwide, Inc. has a 12 month low of $10.51 and a 12 month high of $25.95. The company has a quick ratio of 3.17, a current ratio of 5.15 and a debt-to-equity ratio of 0.61.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Monday, March 11th. The specialty chemicals company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The company had revenue of $349.40 million during the quarter, compared to analysts’ expectations of $378.00 million. Kronos Worldwide had a return on equity of 24.22% and a net margin of 12.34%. Analysts anticipate that Kronos Worldwide, Inc. will post 0.97 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.72 annualized dividend and a yield of 5.22%. This is an increase from Kronos Worldwide’s previous quarterly dividend of $0.17. Kronos Worldwide’s dividend payout ratio (DPR) is presently 40.68%.
Separately, ValuEngine upgraded Kronos Worldwide from a “sell” rating to a “hold” rating in a research report on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Kronos Worldwide presently has an average rating of “Hold” and a consensus price target of $25.33.
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About Kronos Worldwide
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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