Alambic Investment Management L.P. Invests $1.55 Million in Kronos Worldwide, Inc. (KRO)
Alambic Investment Management L.P. bought a new position in shares of Kronos Worldwide, Inc. (NYSE:KRO) in the fourth quarter, HoldingsChannel reports. The firm bought 60,095 shares of the specialty chemicals company’s stock, valued at approximately $1,549,000.
Several other large investors also recently modified their holdings of KRO. Vanguard Group Inc. boosted its position in shares of Kronos Worldwide by 37.1% during the second quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock worth $40,589,000 after acquiring an additional 603,137 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of Kronos Worldwide during the second quarter worth $3,661,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Kronos Worldwide during the fourth quarter worth $3,801,000. Assenagon Asset Management S.A. bought a new position in shares of Kronos Worldwide during the fourth quarter worth $3,789,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Kronos Worldwide by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock worth $30,826,000 after acquiring an additional 139,252 shares during the last quarter. Hedge funds and other institutional investors own 16.21% of the company’s stock.
KRO has been the subject of a number of research reports. SunTrust Banks upped their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, October 11th. Barclays increased their price objective on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, November 14th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.00.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The business had revenue of $464.50 million during the quarter, compared to analyst estimates of $448.00 million. During the same quarter last year, the business earned $0.19 earnings per share. Kronos Worldwide’s quarterly revenue was up 30.4% compared to the same quarter last year. equities research analysts forecast that Kronos Worldwide, Inc. will post 1.63 EPS for the current fiscal year.
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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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