UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 1.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 91,226 shares of the specialty chemicals company’s stock after selling 1,809 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kronos Worldwide were worth $1,136,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Twelve Points Wealth Management LLC boosted its position in Kronos Worldwide by 2.5% during the third quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company’s stock worth $452,000 after acquiring an additional 901 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Kronos Worldwide by 3.7% during the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock worth $412,000 after purchasing an additional 1,162 shares during the last quarter. nVerses Capital LLC increased its stake in Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 2,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kronos Worldwide by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after buying an additional 3,833 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Kronos Worldwide during the third quarter worth about $67,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays lifted their price target 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 given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Stock Down 1.9 %

Shares of NYSE KRO opened at $9.77 on Thursday. The stock has a market capitalization of $1.12 billion, a PE ratio of 12.06 and a beta of 1.13. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average of $11.37 and a 200-day moving average of $11.79. Kronos Worldwide, Inc. has a 52-week low of $8.26 and a 52-week high of $14.50.

Kronos Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.69%.

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.