California Public Employees Retirement System cut its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,300 shares of the specialty chemicals company’s stock after selling 21,200 shares during the period. California Public Employees Retirement System owned approximately 0.12% of Kronos Worldwide worth $2,272,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KRO. AQR Capital Management LLC purchased a new position in shares of Kronos Worldwide during the fourth quarter worth approximately $184,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 1,284 shares during the last quarter. American International Group Inc. boosted its position in shares of 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 position in shares of Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 1,326 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Kronos Worldwide during the first quarter valued at about $240,000. Institutional investors own 14.37% of the company’s stock.
Shares of Kronos Worldwide Inc (NYSE KRO) traded down 10.38% on Tuesday, reaching $18.74. The company had a trading volume of 1,587,754 shares. Kronos Worldwide Inc has a one year low of $5.79 and a one year high of $21.89. The company has a market capitalization of $2.17 billion, a PE ratio of 25.88 and a beta of 2.10. The company’s 50-day moving average is $19.48 and its 200-day moving average is $16.81.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $369.80 million during the quarter, compared to the consensus estimate of $350 million. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. Equities research analysts predict that Kronos Worldwide Inc will post $1.04 earnings per share for the current year.
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Several brokerages recently issued reports on KRO. BidaskClub raised Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.00.
In other news, insider Benjiman R. Corona sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the completion of the transaction, 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 SEC, which is accessible through this hyperlink. Corporate 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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