Chartwell Investment Partners LLC Trims Position in Kronos Worldwide Inc (KRO)
Chartwell Investment Partners LLC trimmed its holdings in shares of Kronos Worldwide Inc (NYSE:KRO) by 25.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,865 shares of the specialty chemicals company’s stock after selling 55,264 shares during the period. Chartwell Investment Partners LLC owned about 0.14% of Kronos Worldwide worth $3,604,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Macquarie Group Ltd. acquired a new position in Kronos Worldwide in the 3rd quarter worth approximately $114,000. Strs Ohio acquired a new position in Kronos Worldwide in the 2nd quarter worth approximately $198,000. Zacks Investment Management acquired a new position in Kronos Worldwide in the 2nd quarter worth approximately $207,000. Winslow Evans & Crocker Inc. acquired a new position in Kronos Worldwide in the 3rd quarter worth approximately $208,000. Finally, American International Group Inc. boosted its stake in Kronos Worldwide by 7.1% in the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after purchasing an additional 894 shares during the period. Hedge funds and other institutional investors own 15.28% of the company’s stock.
Shares of Kronos Worldwide Inc (NYSE:KRO) traded down $0.16 during trading hours on Friday, hitting $28.81. 434,900 shares of the company’s stock were exchanged, compared to its average volume of 485,713. The firm has a market cap of $3,339.14, a price-to-earnings ratio of 19.73, a P/E/G ratio of 3.58 and a beta of 2.16. Kronos Worldwide Inc has a 52 week low of $11.12 and a 52 week high of $29.37. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66.
Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.21. The company had revenue of $464.50 million during the quarter, compared to analyst estimates of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. sell-side analysts expect that Kronos Worldwide Inc will post 1.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 20.98%.
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A number of equities analysts recently commented on KRO shares. ValuEngine raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. SunTrust Banks, Inc. raised their price objective on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC raised their price objective on shares of Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Kronos Worldwide presently has a consensus rating of “Hold” and an average target price of $24.00.
About Kronos Worldwide
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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