Acadian Asset Management LLC Takes $202,000 Position in Kronos Worldwide, Inc. (NYSE:KRO)

Acadian Asset Management LLC acquired a new position in Kronos Worldwide, Inc. (NYSE:KRO) in the 2nd quarter, Holdings Channel reports. The firm acquired 16,214 shares of the specialty chemicals company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Kronos Worldwide by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,801,767 shares of the specialty chemicals company’s stock valued at $27,851,000 after purchasing an additional 66,081 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Kronos Worldwide in the first quarter valued at about $960,000. Counterpoint Mutual Funds LLC purchased a new position in Kronos Worldwide during the first quarter worth about $134,000. Mirador Capital Partners LP increased 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 valued at $684,000 after acquiring an additional 1,825 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Kronos Worldwide by 661.7% in the 1st quarter. BNP Paribas Financial Markets now owns 40,606 shares of the specialty chemicals company’s stock valued at $479,000 after acquiring an additional 35,275 shares during the period. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Down 0.8 %

Shares of KRO opened at $11.34 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.98 and a current ratio of 3.61. The stock has a market capitalization of $1.30 billion, a PE ratio of -48.91 and a beta of 1.15. The company’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $11.96. Kronos Worldwide, Inc. has a 1 year low of $6.16 and a 1 year high of $14.50.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, August 7th. The specialty chemicals company reported $0.17 earnings per share (EPS) 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%. Analysts forecast that Kronos Worldwide, Inc. will post 0.88 earnings per share for the current fiscal year.

Kronos Worldwide Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, September 6th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, September 6th. This represents a $0.20 annualized dividend and a yield of 1.76%. Kronos Worldwide’s payout ratio is -86.96%.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Kronos Worldwide from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kronos Worldwide currently has an average rating of “Hold” and an average price target of $11.67.

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.