Sei Investments Co. Invests $184,000 in Kronos Worldwide, Inc. (NYSE:KRO)

Sei Investments Co. acquired a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,650 shares of the specialty chemicals company’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quest Partners LLC grew its holdings in shares of Kronos Worldwide by 9,905.7% during the second 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 last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Kronos Worldwide in the 1st quarter valued at approximately $134,000. XTX Topco Ltd purchased a new stake in Kronos Worldwide in the 2nd quarter valued at approximately $175,000. Acadian Asset Management LLC purchased a new stake in Kronos Worldwide in the 2nd quarter valued at approximately $202,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Kronos Worldwide in the 1st quarter valued at approximately $209,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kronos Worldwide Stock Up 0.7 %

Shares of Kronos Worldwide stock opened at $12.19 on Friday. The company has a fifty day moving average price of $11.39 and a 200 day moving average price of $12.10. 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, Inc. has a twelve month low of $6.20 and a twelve month high of $14.50. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 1,219.00 and a beta of 1.15.

Kronos Worldwide (NYSE:KRO) last announced 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). Kronos Worldwide had a return on equity of 0.24% and a net margin of 0.11%. The business had revenue of $500.50 million for the quarter, compared to analysts’ expectations of $504.19 million. Equities research analysts forecast that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current fiscal year.

Kronos Worldwide Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were issued 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 1.64%. Kronos Worldwide’s dividend payout ratio is currently 2,000.00%.

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.