Alliancebernstein L.P. Has $444,000 Position in Kronos Worldwide Inc (NYSE:KRO)
Alliancebernstein L.P. decreased its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,000 shares of the specialty chemicals company’s stock after selling 1,900 shares during the period. Alliancebernstein L.P.’s holdings in Kronos Worldwide were worth $444,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of KRO. American International Group Inc. raised its stake in Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares during the last quarter. Nationwide Fund Advisors raised its stake in Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 1,326 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Kronos Worldwide during the first quarter worth approximately $240,000. Virginia Retirement Systems ET AL bought a new stake in Kronos Worldwide during the first quarter worth approximately $251,000. Finally, AQR Capital Management LLC bought a new stake in Kronos Worldwide during the fourth quarter worth approximately $184,000. 14.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Kronos Worldwide Inc (NYSE:KRO) opened at 18.45 on Thursday. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 7.67 and a beta of 2.10. The firm has a 50-day moving average price of $19.62 and a 200-day moving average price of $16.99. Kronos Worldwide Inc has a 52 week low of $6.66 and a 52 week high of $21.89.
Kronos Worldwide (NYSE:KRO) last announced its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. Kronos Worldwide had a return on equity of 27.56% and a net margin of 18.57%. Kronos Worldwide’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) earnings per share. On average, equities analysts expect that Kronos Worldwide Inc will post $1.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 31st. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.90%.
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A number of research firms recently commented on KRO. BidaskClub lowered Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research note on Friday, July 28th. Finally, ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.00.
In other news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total transaction of $36,700.00. Following the sale, the insider now directly owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.
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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