Teachers Advisors LLC reduced its stake in Kronos Worldwide Inc (NYSE:KRO) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,121 shares of the specialty chemicals company’s stock after selling 8,530 shares during the period. Teachers Advisors LLC owned about 0.09% of Kronos Worldwide worth $1,629,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. 1060 Capital LLC bought a new position in Kronos Worldwide during the first quarter valued at about $17,241,000. Advisors Asset Management Inc. raised its position in 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 valued at $14,356,000 after buying an additional 495,111 shares in the last quarter. Acadian Asset Management LLC raised its position in Kronos Worldwide by 455.4% in the first quarter. Acadian Asset Management LLC now owns 363,801 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 298,300 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Kronos Worldwide during the first quarter valued at about $4,778,000. Finally, Wells Fargo & Company MN raised its position in Kronos Worldwide by 347.2% in the first quarter. Wells Fargo & Company MN now owns 143,076 shares of the specialty chemicals company’s stock valued at $2,351,000 after buying an additional 111,079 shares in the last quarter. 13.93% of the stock is owned by hedge funds and other institutional investors.
Kronos Worldwide Inc (KRO) traded up 0.92% during midday trading on Thursday, reaching $19.77. The company had a trading volume of 175,664 shares. The firm has a 50-day moving average of $19.87 and a 200 day moving average of $17.41. The company has a market capitalization of $2.29 billion, a P/E ratio of 8.22 and a beta of 2.10. Kronos Worldwide Inc has a 1-year low of $7.27 and a 1-year high of $21.89.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, August 31st. Kronos Worldwide’s dividend payout ratio is currently 24.90%.
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Several equities analysts have recently issued reports on KRO shares. ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Barclays PLC lifted their price objective on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Kronos Worldwide currently has a consensus rating of “Buy” and a consensus price target of $20.50.
In other news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the transaction, the insider now directly owns 500 shares in the company, valued at approximately $9,175. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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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