Barclays Boosts Kronos Worldwide (NYSE:KRO) Price Target to $8.00

Kronos Worldwide (NYSE:KRO) had its price target increased by Barclays from $7.00 to $8.00 in a research report sent to investors on Tuesday, Benzinga reports. Barclays currently has an underweight rating on the specialty chemicals company’s stock.

KRO has been the subject of a number of other research reports. StockNews.com raised shares of Kronos Worldwide from a sell rating to a hold rating in a report on Monday, February 26th. TheStreet raised shares of Kronos Worldwide from a d+ rating to a c- rating in a research note on Monday, March 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Kronos Worldwide from $7.00 to $8.00 and gave the stock a sell rating in a research note on Thursday, December 14th.

Kronos Worldwide Trading Down 1.3 %

NYSE:KRO opened at $11.82 on Tuesday. Kronos Worldwide has a 12 month low of $6.16 and a 12 month high of $12.33. The firm has a fifty day simple moving average of $9.77 and a 200-day simple moving average of $8.81. The company has a current ratio of 3.01, a quick ratio of 1.49 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.36 billion, a P/E ratio of -27.49 and a beta of 1.17.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Kronos Worldwide had a negative net margin of 2.95% and a negative return on equity of 5.73%. The company had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $404.94 million. On average, equities research analysts anticipate that Kronos Worldwide will post 0.33 earnings per share for the current year.

Kronos Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th were issued a $0.19 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.76 annualized dividend and a yield of 6.43%. Kronos Worldwide’s payout ratio is -176.74%.

Hedge Funds Weigh In On Kronos Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its holdings in shares of Kronos Worldwide by 293.2% in the 2nd quarter. US Bancorp DE now owns 4,140 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 3,087 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Kronos Worldwide by 214.1% in the 3rd quarter. Royal Bank of Canada now owns 5,120 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 3,490 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Kronos Worldwide by 129.2% in the 4th quarter. Citigroup Inc. now owns 5,686 shares of the specialty chemicals company’s stock worth $53,000 after acquiring an additional 3,205 shares during the last quarter. Barclays PLC increased its stake in Kronos Worldwide by 348.2% during the 4th quarter. Barclays PLC now owns 6,449 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 5,010 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in Kronos Worldwide by 13.9% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,193 shares of the specialty chemicals company’s stock worth $95,000 after buying an additional 1,245 shares during the period. 15.11% of the stock is currently owned by institutional investors and hedge funds.

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.