Zurcher Kantonalbank Zurich Cantonalbank Buys 18,288 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 631.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,183 shares of the specialty chemicals company’s stock after acquiring an additional 18,288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kronos Worldwide were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Kronos Worldwide during the 4th quarter worth approximately $125,000. Jump Financial LLC acquired a new position in Kronos Worldwide during the third quarter valued at approximately $173,000. Janney Montgomery Scott LLC grew its holdings in Kronos Worldwide by 24.9% during the third quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock valued at $271,000 after purchasing an additional 6,979 shares during the period. Verdence Capital Advisors LLC grew its holdings in Kronos Worldwide by 215.3% during the third quarter. Verdence Capital Advisors LLC now owns 40,204 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 27,452 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Kronos Worldwide by 193.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,900 shares of the specialty chemicals company’s stock valued at $317,000 after purchasing an additional 21,025 shares during the period. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Up 0.6 %

Kronos Worldwide stock opened at $12.23 on Wednesday. The stock has a market capitalization of $1.41 billion, a PE ratio of -28.44 and a beta of 1.21. Kronos Worldwide, Inc. has a twelve month low of $6.16 and a twelve month high of $12.48. The company has a quick ratio of 1.49, a current ratio of 3.01 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $11.28 and a 200-day moving average of $9.66.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $404.94 million. Kronos Worldwide had a negative net margin of 2.95% and a negative return on equity of 5.73%. On average, equities research analysts anticipate that Kronos Worldwide, Inc. will post 0.33 EPS for the current fiscal year.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, March 5th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is presently -176.74%.

Analyst Ratings Changes

A number of brokerages recently issued reports on KRO. Barclays boosted their price objective on shares of Kronos Worldwide from $7.00 to $8.00 and gave the company an “underweight” rating in a report on Tuesday, March 26th. TheStreet upgraded shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Finally, StockNews.com cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Friday, April 19th.

About Kronos Worldwide

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.