Stephens Inc. AR Purchases 9,157 Shares of Kronos Worldwide Inc (KRO)
Stephens Inc. AR increased its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 73.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,657 shares of the specialty chemicals company’s stock after buying an additional 9,157 shares during the period. Stephens Inc. AR’s holdings in Kronos Worldwide were worth $494,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new stake in shares of Kronos Worldwide during the third quarter worth approximately $114,000. Winslow Evans & Crocker Inc. purchased a new position in Kronos Worldwide in the third quarter valued at approximately $208,000. Hanseatic Management Services Inc. increased its stake in Kronos Worldwide by 862.6% in the third quarter. Hanseatic Management Services Inc. now owns 10,377 shares of the specialty chemicals company’s stock valued at $237,000 after purchasing an additional 9,299 shares during the last quarter. Strs Ohio purchased a new position in Kronos Worldwide in the second quarter valued at approximately $198,000. Finally, Zacks Investment Management purchased a new position in Kronos Worldwide in the second quarter valued at approximately $207,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.
Several equities analysts have commented on the stock. Barclays PLC increased their price target on shares of Kronos Worldwide from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. ValuEngine lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, SunTrust Banks, Inc. increased their price target on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.
Kronos Worldwide Inc (NYSE KRO) opened at $29.24 on Friday. The company has a market cap of $3,339.14, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 3.58 and a beta of 2.16. Kronos Worldwide Inc has a one year low of $11.12 and a one year high of $29.45. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.21. The company had revenue of $464.50 million for the quarter, compared to analyst estimates of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The firm’s revenue was up 30.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. equities research analysts anticipate that Kronos Worldwide Inc will post 1.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 annualized dividend and a yield of 2.05%. Kronos Worldwide’s dividend payout ratio is currently 20.98%.
WARNING: “Stephens Inc. AR Purchases 9,157 Shares of Kronos Worldwide Inc (KRO)” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/stephens-inc-ar-purchases-9157-shares-of-kronos-worldwide-inc-kro/1725896.html.
Kronos Worldwide 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.
Receive News & Ratings for Kronos Worldwide Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.