Chicago Equity Partners LLC Has $1.69 Million Holdings in Kronos Worldwide Inc (KRO)
Chicago Equity Partners LLC boosted its position in shares of Kronos Worldwide Inc (NYSE:KRO) by 12.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,885 shares of the specialty chemicals company’s stock after buying an additional 9,935 shares during the period. Chicago Equity Partners LLC owned approximately 0.08% of Kronos Worldwide worth $1,692,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Laurion Capital Management LP acquired a new stake in Kronos Worldwide during the first quarter worth about $166,000. Strs Ohio acquired a new stake in Kronos Worldwide during the second quarter worth about $198,000. American International Group Inc. grew its stake in Kronos Worldwide by 7.1% during the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares in the last quarter. Nationwide Fund Advisors grew its stake in Kronos Worldwide by 10.0% during the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 1,326 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kronos Worldwide during the first quarter worth about $240,000. Hedge funds and other institutional investors own 15.42% of the company’s stock.
A number of equities research analysts have issued reports on KRO shares. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC increased their price objective on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.50.
In other news, insider Benjiman R. Corona sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by insiders.
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Shares of Kronos Worldwide Inc (KRO) opened at 20.97 on Thursday. The firm’s 50-day moving average is $20.06 and its 200-day moving average is $17.89. Kronos Worldwide Inc has a 52 week low of $7.27 and a 52 week high of $21.89. The firm has a market capitalization of $2.43 billion, a P/E ratio of 8.72 and a beta of 2.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, August 31st. Kronos Worldwide’s payout ratio is 24.90%.
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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