Kronos Worldwide (NYSE:KRO) Shares Up 4.6%

Shares of Kronos Worldwide, Inc. (NYSE:KRO) rose 4.6% on Wednesday . The stock traded as high as $13.21 and last traded at $13.20. Approximately 29,383 shares changed hands during trading, a decline of 87% from the average daily volume of 223,692 shares. The stock had previously closed at $12.62.

Analysts Set New Price Targets

Several brokerages have recently commented on KRO. TheStreet upgraded shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Deutsche Bank Aktiengesellschaft increased their target price on Kronos Worldwide from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Barclays raised their price objective on shares of Kronos Worldwide from $8.00 to $9.00 and gave the company an “underweight” rating in a research note on Wednesday, May 15th. StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, The Goldman Sachs Group increased their price objective on Kronos Worldwide from $9.00 to $11.00 and gave the company a “sell” rating in a research note on Thursday, May 16th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.67.

Kronos Worldwide Price Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 3.68. The business’s 50 day moving average is $12.95 and its 200 day moving average is $11.11.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%. The business had revenue of $478.80 million during the quarter, compared to analysts’ expectations of $454.64 million. On average, sell-side analysts anticipate that Kronos Worldwide, Inc. will post 0.85 earnings per share for the current year.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, June 10th were issued a dividend of $0.19 per share. The ex-dividend date was Monday, June 10th. This represents a $0.76 dividend on an annualized basis and a yield of 5.94%. Kronos Worldwide’s payout ratio is currently -330.42%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Kronos Worldwide in the 4th quarter valued at about $125,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Kronos Worldwide in the first quarter valued at approximately $134,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Kronos Worldwide during the first quarter worth approximately $209,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kronos Worldwide by 631.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock valued at $211,000 after acquiring an additional 18,288 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in Kronos Worldwide in the 4th quarter valued at $228,000. 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.