OxFORD Asset Management LLP Invests $2.17 Million in Kronos Worldwide Inc (KRO)
OxFORD Asset Management LLP acquired a new stake in Kronos Worldwide Inc (NYSE:KRO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 95,231 shares of the specialty chemicals company’s stock, valued at approximately $2,168,000. OxFORD Asset Management LLP owned about 0.08% of Kronos Worldwide at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Kempen Capital Management N.V. raised its holdings in shares of Kronos Worldwide by 1.1% in the second quarter. Kempen Capital Management N.V. now owns 88,441 shares of the specialty chemicals company’s stock worth $1,611,000 after buying an additional 1,000 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Kronos Worldwide by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 1,061 shares during the period. Rhumbline Advisers increased its holdings in Kronos Worldwide by 5.7% during the 2nd quarter. Rhumbline Advisers now owns 26,386 shares of the specialty chemicals company’s stock worth $481,000 after purchasing an additional 1,428 shares during the period. Morgan Stanley increased its holdings in Kronos Worldwide by 1.3% during the 1st quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock worth $3,367,000 after purchasing an additional 2,650 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Kronos Worldwide by 11.1% during the 2nd quarter. Alliancebernstein L.P. now owns 30,000 shares of the specialty chemicals company’s stock worth $547,000 after purchasing an additional 3,000 shares during the period. 16.18% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on KRO. Barclays raised their price objective on Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, November 14th. SunTrust Banks lifted their price target on Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.00.
Shares of Kronos Worldwide Inc (NYSE:KRO) traded down $0.07 on Thursday, reaching $25.70. The company’s stock had a trading volume of 364,700 shares, compared to its average volume of 495,123. Kronos Worldwide Inc has a 12 month low of $11.12 and a 12 month high of $29.49. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66. The firm has a market cap of $2,986.80, a PE ratio of 17.65, a P/E/G ratio of 3.16 and a beta of 2.18.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.21. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The company had revenue of $464.50 million during the quarter, compared to analysts’ expectations of $448.00 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. equities research analysts predict that Kronos Worldwide Inc will post 1.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.33%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 20.98%.
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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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