Kronos Worldwide (NYSE:KRO) Trading Up 4.6%

Shares of Kronos Worldwide, Inc. (NYSE:KRO) rose 4.6% on Wednesday . The stock traded as high as $13.21 and last traded at $13.20. Approximately 29,383 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 223,692 shares. The stock had previously closed at $12.62.

Analyst Upgrades and Downgrades

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

Kronos Worldwide Stock Up 2.1 %

The firm’s fifty day moving average is $13.00 and its 200-day moving average is $11.13. The company has a current ratio of 3.68, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $478.80 million during the quarter, compared to analysts’ expectations 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, equities research analysts expect that Kronos Worldwide, Inc. will post 0.85 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were issued 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 dividend yield of 5.90%. Kronos Worldwide’s dividend payout ratio is -330.42%.

Institutional Investors Weigh In On Kronos Worldwide

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mirador Capital Partners LP lifted its position in shares of Kronos Worldwide by 3.2% during the first quarter. Mirador Capital Partners LP now owns 57,995 shares of the specialty chemicals company’s stock worth $684,000 after purchasing an additional 1,825 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Kronos Worldwide by 7.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the specialty chemicals company’s stock valued at $448,000 after buying an additional 2,736 shares during the last quarter. KG&L Capital Management LLC boosted its position in Kronos Worldwide by 5.7% in the 4th quarter. KG&L Capital Management LLC now owns 64,675 shares of the specialty chemicals company’s stock valued at $640,000 after buying an additional 3,500 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Kronos Worldwide by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock valued at $26,097,000 after buying an additional 5,884 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Kronos Worldwide during the first quarter worth $134,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

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.