Kronos Worldwide Inc (KRO) Stake Decreased by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC cut its stake in Kronos Worldwide Inc (NYSE:KRO) by 33.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 119,036 shares of the specialty chemicals company’s stock after selling 58,561 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.10% of Kronos Worldwide worth $1,956,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KRO. 1060 Capital LLC acquired a new position in Kronos Worldwide during the first quarter valued at about $17,241,000. Acadian Asset Management LLC boosted its position in shares of Kronos Worldwide by 455.4% in the first quarter. Acadian Asset Management LLC now owns 363,801 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 298,300 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 1,326 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Kronos Worldwide during the fourth quarter valued at $184,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Kronos Worldwide by 9.3% in the first quarter. Parametric Portfolio Associates LLC now owns 119,679 shares of the specialty chemicals company’s stock valued at $1,966,000 after buying an additional 10,148 shares in the last quarter. 14.37% of the stock is owned by institutional investors.
Kronos Worldwide Inc (NYSE:KRO) opened at 19.79 on Tuesday. Kronos Worldwide Inc has a 52 week low of $5.45 and a 52 week high of $21.89. The company has a market cap of $2.29 billion, a PE ratio of 27.33 and a beta of 2.10. The company’s 50-day moving average price is $19.26 and its 200 day moving average price is $16.72.
Kronos Worldwide (NYSE:KRO) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $369.80 million during the quarter, compared to the consensus estimate of $350 million. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.03) earnings per share. On average, analysts anticipate that Kronos Worldwide Inc will post $1.04 EPS for the current year.
Several research analysts recently weighed in on KRO shares. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Friday, July 28th. ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. One analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Kronos Worldwide has a consensus rating of “Buy” and a consensus target price of $18.00.
In other news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total transaction of $36,700.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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