Boston Partners Buys 945,556 Shares of Kronos Worldwide Inc $KRO

Boston Partners increased its position in Kronos Worldwide Inc (NYSE:KRO) by 60.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,521,452 shares of the specialty chemicals company’s stock after acquiring an additional 945,556 shares during the quarter. Boston Partners’ holdings in Kronos Worldwide were worth $15,630,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KRO. Nuveen LLC purchased a new stake in Kronos Worldwide in the 1st quarter worth approximately $2,090,000. AQR Capital Management LLC grew its position in shares of Kronos Worldwide by 478.7% during the 1st quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock valued at $942,000 after purchasing an additional 104,202 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Kronos Worldwide by 56.8% in the second quarter. Segall Bryant & Hamill LLC now owns 197,383 shares of the specialty chemicals company’s stock worth $1,224,000 after purchasing an additional 71,493 shares during the period. Petrus Trust Company LTA purchased a new stake in shares of Kronos Worldwide in the first quarter worth $363,000. Finally, Campbell & CO Investment Adviser LLC boosted its stake in Kronos Worldwide by 52.3% during the second quarter. Campbell & CO Investment Adviser LLC now owns 106,271 shares of the specialty chemicals company’s stock valued at $659,000 after buying an additional 36,499 shares during the period. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Price Performance

Shares of Kronos Worldwide stock opened at $5.07 on Friday. The firm has a market capitalization of $583.32 million, a PE ratio of 8.74 and a beta of 1.11. The company has a current ratio of 2.79, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59. Kronos Worldwide Inc has a 12 month low of $4.08 and a 12 month high of $11.53. The business’s 50-day moving average price is $5.06 and its 200-day moving average price is $5.85.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Thursday, November 6th. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). Kronos Worldwide had a return on equity of 8.04% and a net margin of 3.57%.The firm had revenue of $456.90 million during the quarter, compared to the consensus estimate of $519.27 million.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.20 annualized dividend and a dividend yield of 3.9%. Kronos Worldwide’s dividend payout ratio (DPR) is currently -55.56%.

Analysts Set New Price Targets

A number of brokerages have weighed in on KRO. The Goldman Sachs Group decreased their target price on Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Kronos Worldwide in a report on Tuesday. Zacks Research raised shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Wall Street Zen lowered shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus target price of $6.50.

About Kronos Worldwide

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.