Dimensional Fund Advisors LP Has $36.86 Million Position in Kronos Worldwide, Inc. (NYSE:KRO)

Dimensional Fund Advisors LP raised its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 3.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,937,071 shares of the specialty chemicals company’s stock after acquiring an additional 103,988 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Kronos Worldwide were worth $36,860,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quest Partners LLC boosted its holdings in shares of Kronos Worldwide by 9,905.7% during the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 8,717 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Kronos Worldwide during the 1st quarter worth about $134,000. Acadian Asset Management LLC acquired a new stake in Kronos Worldwide in the 2nd quarter valued at approximately $202,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kronos Worldwide in the first quarter valued at approximately $209,000. Finally, Rhumbline Advisers boosted its position in shares of Kronos Worldwide by 3.7% in the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock valued at $412,000 after acquiring an additional 1,162 shares during the period. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays upped their target price on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

Kronos Worldwide Price Performance

Shares of KRO stock opened at $12.30 on Wednesday. Kronos Worldwide, Inc. has a 12 month low of $6.16 and a 12 month high of $14.50. The company has a market capitalization of $1.41 billion, a P/E ratio of -53.48 and a beta of 1.15. The stock has a 50 day moving average of $11.35 and a two-hundred day moving average of $12.08. The company has a current ratio of 3.61, a quick ratio of 1.98 and a debt-to-equity ratio of 0.55.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). The business had revenue of $500.50 million for the quarter, compared to analyst estimates of $504.19 million. Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. As a group, equities analysts expect that Kronos Worldwide, Inc. will post 0.88 EPS for the current year.

Kronos Worldwide Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were paid a $0.05 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.20 dividend on an annualized basis and a yield of 1.63%. Kronos Worldwide’s payout ratio is currently -86.96%.

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.