Trexquant Investment LP cut its stake in shares of Kronos Worldwide Inc (NYSE:KRO) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,800 shares of the specialty chemicals company’s stock after selling 5,811 shares during the period. Trexquant Investment LP’s holdings in Kronos Worldwide were worth $233,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Laurion Capital Management LP acquired a new stake in shares of Kronos Worldwide during the first quarter valued at about $166,000. AQR Capital Management LLC acquired a new stake in shares of Kronos Worldwide during the fourth quarter valued at about $184,000. Metropolitan Life Insurance Co. NY increased its stake 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 valued at $194,000 after buying an additional 1,284 shares during the period. Strs Ohio acquired a new stake in shares of Kronos Worldwide during the second quarter valued at about $198,000. Finally, American International Group Inc. increased its stake 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 valued at $223,000 after buying an additional 894 shares during the period. 13.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kronos Worldwide Inc (KRO) opened at 18.97 on Tuesday. Kronos Worldwide Inc has a one year low of $7.27 and a one year high of $21.89. The firm has a 50 day moving average price of $19.84 and a 200 day moving average price of $17.35. The company has a market capitalization of $2.20 billion, a P/E ratio of 7.89 and a beta of 2.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, August 31st. Kronos Worldwide’s dividend payout ratio is 24.90%.
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Several equities research analysts have issued reports on the company. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC increased their price target on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BidaskClub downgraded Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Kronos Worldwide has a consensus rating of “Buy” and a consensus target price of $20.50.
In other news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total value of $36,700.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at approximately $9,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is owned by insiders.
About Kronos Worldwide
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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