Kronos Worldwide, Inc. (NYSE:KRO) Stake Raised by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 142.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,006 shares of the specialty chemicals company’s stock after acquiring an additional 15,269 shares during the quarter. Graham Capital Management L.P.’s holdings in Kronos Worldwide were worth $254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRO. Boston Partners raised its position in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock worth $13,765,000 after acquiring an additional 629,387 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Kronos Worldwide in the fourth quarter worth about $1,239,000. Dimensional Fund Advisors LP raised its position in Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company’s stock worth $30,859,000 after acquiring an additional 109,674 shares in the last quarter. Bank of America Corp DE raised its position in Kronos Worldwide by 58.0% in the fourth quarter. Bank of America Corp DE now owns 279,891 shares of the specialty chemicals company’s stock worth $2,729,000 after acquiring an additional 102,794 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company’s stock worth $7,159,000 after acquiring an additional 31,830 shares in the last quarter. 15.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group cut their price objective on Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating on the stock in a report on Wednesday, May 14th.

Kronos Worldwide Price Performance

NYSE KRO opened at $7.07 on Monday. The stock’s 50-day moving average price is $7.34 and its two-hundred day moving average price is $9.03. The company has a market cap of $813.19 million, a PE ratio of 8.73 and a beta of 1.22. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a 1 year low of $6.19 and a 1 year high of $14.50.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $466.56 million.

Kronos Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Monday, June 9th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 24.10%.

Insider Activity

In other news, Director Kevin B. Kramer bought 14,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the purchase, the director now directly owns 21,460 shares of the company’s stock, valued at $159,447.80. This trade represents a 187.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

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.