Boston Partners Buys 169,039 Shares of Kronos Worldwide Inc $KRO

Boston Partners lifted its stake in Kronos Worldwide Inc (NYSE:KRO) by 10.7% during the second quarter, Holdings Channel.com reports. The fund owned 1,744,935 shares of the specialty chemicals company’s stock after buying an additional 169,039 shares during the period. Boston Partners’ holdings in Kronos Worldwide were worth $10,816,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in shares of Kronos Worldwide by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 69,020 shares of the specialty chemicals company’s stock worth $428,000 after purchasing an additional 2,744 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Kronos Worldwide in the first quarter valued at $29,000. Jane Street Group LLC increased its holdings in Kronos Worldwide by 20.3% during the first quarter. Jane Street Group LLC now owns 24,368 shares of the specialty chemicals company’s stock worth $182,000 after buying an additional 4,104 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Kronos Worldwide by 7.9% during the second quarter. Janney Montgomery Scott LLC now owns 57,469 shares of the specialty chemicals company’s stock worth $356,000 after acquiring an additional 4,214 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Kronos Worldwide by 2,455.6% in the first quarter. US Bancorp DE now owns 6,108 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 5,869 shares during the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on KRO. Wall Street Zen lowered shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. The Goldman Sachs Group lowered their price target on Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Zacks Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Kronos Worldwide in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus target price of $6.50.

Kronos Worldwide Stock Down 0.6%

Kronos Worldwide stock opened at $4.81 on Friday. The company’s 50-day moving average price is $5.39 and its two-hundred day moving average price is $6.06. The company has a quick ratio of 1.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.59. The stock has a market cap of $553.29 million, a P/E ratio of 8.29 and a beta of 1.11. Kronos Worldwide Inc has a twelve month low of $4.08 and a twelve month high of $11.97.

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

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 21st. This represents a $0.20 annualized dividend and a yield of 4.2%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -55.56%.

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.