Dimensional Fund Advisors LP Reduces Position in Kronos Worldwide Inc (NYSE:KRO)
Dimensional Fund Advisors LP cut its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 6.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,122,503 shares of the specialty chemicals company’s stock after selling 81,159 shares during the period. Dimensional Fund Advisors LP’s holdings in Kronos Worldwide were worth $18,443,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of KRO. Vanguard Group Inc. raised its position in shares of Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock worth $26,691,000 after buying an additional 50,903 shares during the period. Bank of New York Mellon Corp raised its position in shares of Kronos Worldwide by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,141,042 shares of the specialty chemicals company’s stock worth $18,747,000 after buying an additional 31,669 shares during the period. 1060 Capital LLC acquired a new position in shares of Kronos Worldwide during the first quarter worth about $17,241,000. Advisors Asset Management Inc. raised its position in shares of Kronos Worldwide by 130.8% in the first quarter. Advisors Asset Management Inc. now owns 873,758 shares of the specialty chemicals company’s stock worth $14,356,000 after buying an additional 495,111 shares during the period. Finally, State Street Corp raised its position in shares of Kronos Worldwide by 3.4% in the fourth quarter. State Street Corp now owns 438,162 shares of the specialty chemicals company’s stock worth $5,229,000 after buying an additional 14,300 shares during the period. Institutional investors and hedge funds own 14.37% of the company’s stock.
Kronos Worldwide Inc (NYSE:KRO) traded up 7.62% on Friday, reaching $19.50. 1,234,022 shares of the company’s stock traded hands. Kronos Worldwide Inc has a 12 month low of $6.76 and a 12 month high of $21.89. The firm has a market cap of $2.26 billion, a PE ratio of 8.11 and a beta of 2.10. The firm’s 50-day moving average is $19.67 and its 200 day moving average is $17.05.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 annualized dividend and a yield of 3.08%. Kronos Worldwide’s payout ratio is currently 24.90%.
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KRO has been the subject of a number of research reports. BidaskClub lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Barclays PLC raised their price objective on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Thursday. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.50.
In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $9,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
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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