Kronos Worldwide, Inc. (NYSE:KRO) Shares Acquired by Mirador Capital Partners LP

Mirador Capital Partners LP boosted its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,995 shares of the specialty chemicals company’s stock after purchasing an additional 1,825 shares during the quarter. Mirador Capital Partners LP owned approximately 0.05% of Kronos Worldwide worth $684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KRO. Citigroup Inc. boosted its holdings in shares of Kronos Worldwide by 111.8% during the third quarter. Citigroup Inc. now owns 53,275 shares of the specialty chemicals company’s stock valued at $413,000 after acquiring an additional 28,117 shares during the period. SG Americas Securities LLC bought a new position in Kronos Worldwide in the 4th quarter worth about $125,000. KG&L Capital Management LLC increased its stake in shares of Kronos Worldwide by 5.7% in the fourth quarter. KG&L Capital Management LLC now owns 64,675 shares of the specialty chemicals company’s stock valued at $640,000 after purchasing an additional 3,500 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of 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 buying an additional 21,025 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kronos Worldwide by 631.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 18,288 shares during the period. 15.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. TheStreet upgraded Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. StockNews.com raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Monday, May 13th. The Goldman Sachs Group raised their target price on shares of Kronos Worldwide from $9.00 to $11.00 and gave the company a “sell” rating in a research note on Thursday, May 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kronos Worldwide from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Barclays upped their target price on Kronos Worldwide from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to MarketBeat, Kronos Worldwide presently has a consensus rating of “Hold” and an average price target of $11.67.

Kronos Worldwide Stock Down 1.0 %

KRO stock opened at $12.42 on Tuesday. Kronos Worldwide, Inc. has a 12 month low of $6.16 and a 12 month high of $14.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.68 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $12.92 and a 200 day simple moving average of $11.09.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $478.80 million during the quarter, compared to the consensus estimate of $454.64 million. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%. On average, research analysts anticipate that Kronos Worldwide, Inc. will post 0.85 EPS for the current year.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $0.76 dividend on an annualized basis and a yield of 6.12%. Kronos Worldwide’s dividend payout ratio is currently -330.42%.

Kronos Worldwide 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.