Renaissance Technologies LLC Sells 88,965 Shares of Kronos Worldwide Inc $KRO

Renaissance Technologies LLC reduced its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 13.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,432 shares of the specialty chemicals company’s stock after selling 88,965 shares during the quarter. Renaissance Technologies LLC owned about 0.50% of Kronos Worldwide worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Engineers Gate Manager LP bought a new position in shares of Kronos Worldwide during the fourth quarter worth about $111,000. EP Wealth Advisors LLC bought a new stake in Kronos Worldwide in the 4th quarter valued at approximately $110,000. Corient Private Wealth LLC acquired a new position in Kronos Worldwide during the 2nd quarter worth approximately $101,000. Intech Investment Management LLC boosted its position in Kronos Worldwide by 33.6% during the 3rd quarter. Intech Investment Management LLC now owns 16,661 shares of the specialty chemicals company’s stock worth $96,000 after acquiring an additional 4,192 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Kronos Worldwide during the 2nd quarter worth approximately $70,000. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Stock Up 3.8%

Shares of KRO opened at $8.55 on Friday. The company has a market capitalization of $983.64 million, a PE ratio of -9.00 and a beta of 1.01. The stock’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.37. The company has a current ratio of 3.30, a quick ratio of 1.41 and a debt-to-equity ratio of 0.76. Kronos Worldwide Inc has a 12 month low of $4.08 and a 12 month high of $8.72.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $558.10 million for the quarter, compared to analyst estimates of $484.51 million. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. On average, analysts anticipate that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $0.20 annualized dividend and a yield of 2.3%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -17.24%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KRO. Weiss Ratings raised shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.00.

Kronos Worldwide Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.