Kronos Worldwide, Inc. (NYSE:KRO) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its position in Kronos Worldwide, Inc. (NYSE:KRO) by 92.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,321 shares of the specialty chemicals company’s stock after selling 50,505 shares during the quarter. AlphaQuest LLC’s holdings in Kronos Worldwide were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in KRO. State Street Corp boosted its holdings in shares of Kronos Worldwide by 1.4% in the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock valued at $7,165,000 after acquiring an additional 8,218 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Kronos Worldwide by 39.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after acquiring an additional 88,277 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Kronos Worldwide in the third quarter valued at approximately $2,824,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kronos Worldwide by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,568 shares of the specialty chemicals company’s stock valued at $1,790,000 after acquiring an additional 3,916 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Kronos Worldwide by 100.6% in the third quarter. BNP Paribas Financial Markets now owns 72,074 shares of the specialty chemicals company’s stock valued at $897,000 after acquiring an additional 36,139 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Insider Buying and Selling

In other news, Director Kevin B. Kramer acquired 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $7.43 per share, with a total value of $104,020.00. Following the purchase, the director now owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Kronos Worldwide Trading Down 0.9 %

Shares of NYSE:KRO opened at $7.90 on Friday. The stock has a market capitalization of $908.21 million, a price-to-earnings ratio of 9.75 and a beta of 1.16. Kronos Worldwide, Inc. has a 1-year low of $7.17 and a 1-year high of $14.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a 50 day moving average price of $8.96 and a 200 day moving average price of $10.36.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The business had revenue of $423.10 million for the quarter, compared to the consensus estimate of $494.19 million.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is 27.03%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday.

Kronos Worldwide Company Profile

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.