Kronos Worldwide (NYSE:KRO) Price Target Increased to $9.00 by Analysts at Barclays

Kronos Worldwide (NYSE:KRO) had its price objective upped by Barclays from $8.00 to $9.00 in a research note released on Wednesday, Benzinga reports. The brokerage currently has an underweight rating on the specialty chemicals company’s stock.

Several other equities research analysts have also weighed in on KRO. TheStreet upgraded Kronos Worldwide from a d+ rating to a c- rating in a report on Monday, March 11th. StockNews.com upgraded shares of Kronos Worldwide from a hold rating to a buy rating in a research note on Monday.

Kronos Worldwide Stock Up 2.8 %

NYSE KRO traded up $0.35 during trading on Wednesday, reaching $13.05. The company’s stock had a trading volume of 130,590 shares, compared to its average volume of 229,539. The business has a 50-day moving average price of $11.73 and a 200-day moving average price of $9.88. Kronos Worldwide has a 1-year low of $6.16 and a 1-year high of $13.19. The stock has a market capitalization of $1.50 billion, a PE ratio of -55.91 and a beta of 1.21. The company has a current ratio of 3.68, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The business had revenue of $400.10 million during the quarter, compared to analyst estimates of $404.94 million. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%. On average, research analysts forecast that Kronos Worldwide will post 0.33 earnings per share for the current fiscal year.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.76 annualized dividend and a dividend yield of 5.82%. Kronos Worldwide’s dividend payout ratio is presently -330.43%.

Hedge Funds Weigh In On Kronos Worldwide

Several large investors have recently made changes to their positions in KRO. Bank of New York Mellon Corp raised its holdings in Kronos Worldwide by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock valued at $8,579,000 after acquiring an additional 9,924 shares in the last quarter. Jump Financial LLC acquired a new position in Kronos Worldwide in the 3rd quarter valued at approximately $173,000. Janney Montgomery Scott LLC raised its holdings in Kronos Worldwide by 24.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock valued at $271,000 after acquiring an additional 6,979 shares in the last quarter. Citigroup Inc. raised its holdings in Kronos Worldwide by 111.8% in the 3rd quarter. Citigroup Inc. now owns 53,275 shares of the specialty chemicals company’s stock valued at $413,000 after acquiring an additional 28,117 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Kronos Worldwide in the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

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.