SG Americas Securities LLC Invests $125,000 in Kronos Worldwide, Inc. (NYSE:KRO)

SG Americas Securities LLC purchased a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,561 shares of the specialty chemicals company’s stock, valued at approximately $125,000.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Kronos Worldwide by 293.2% during the second quarter. US Bancorp DE now owns 4,140 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 3,087 shares in the last quarter. Royal Bank of Canada raised its holdings in Kronos Worldwide by 214.1% in the third quarter. Royal Bank of Canada now owns 5,120 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 3,490 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Kronos Worldwide by 25.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,256 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 1,073 shares in the last quarter. Citigroup Inc. raised its holdings in Kronos Worldwide by 129.2% in the fourth quarter. Citigroup Inc. now owns 5,686 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 3,205 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Kronos Worldwide by 116.0% in the first quarter. Great West Life Assurance Co. Can now owns 6,150 shares of the specialty chemicals company’s stock valued at $98,000 after acquiring an additional 3,303 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Performance

Shares of Kronos Worldwide stock opened at $11.34 on Thursday. The firm has a market capitalization of $1.30 billion, a P/E ratio of -26.36 and a beta of 1.21. Kronos Worldwide, Inc. has a 52 week low of $6.16 and a 52 week high of $12.48. The company has a quick ratio of 1.49, a current ratio of 3.01 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $10.46 and its two-hundred day moving average is $9.19.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $400.10 million for the quarter, compared to analyst estimates of $404.94 million. Kronos Worldwide had a negative net margin of 2.95% and a negative return on equity of 5.73%. Research analysts forecast that Kronos Worldwide, Inc. will post 0.33 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.19 per share. The ex-dividend date was Monday, March 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.70%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -176.74%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TheStreet raised shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a report on Monday, March 11th. StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Finally, Barclays increased their price target on shares of Kronos Worldwide from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday, March 26th.

Kronos Worldwide Profile

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