Advisors Asset Management Inc. Lowers Stock Position in Kronos Worldwide, Inc. (NYSE:KRO)

Advisors Asset Management Inc. cut its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 450,631 shares of the specialty chemicals company’s stock after selling 29,533 shares during the period. Advisors Asset Management Inc. owned 0.39% of Kronos Worldwide worth $4,394,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Kronos Worldwide during the third quarter worth $67,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Kronos Worldwide by 1,086.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock worth $120,000 after buying an additional 8,791 shares in the last quarter. Centiva Capital LP purchased a new stake in Kronos Worldwide during the third quarter worth $138,000. Allworth Financial LP purchased a new stake in Kronos Worldwide during the fourth quarter worth $180,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Kronos Worldwide during the third quarter worth $245,000. 15.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday.

Kronos Worldwide Stock Performance

NYSE:KRO opened at $7.90 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a fifty day moving average of $8.96 and a two-hundred day moving average of $10.36. The stock has a market capitalization of $908.21 million, a PE ratio of 9.75 and a beta of 1.16. Kronos Worldwide, Inc. has a fifty-two week low of $7.17 and a fifty-two week high of $14.50.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). The company had revenue of $423.10 million for the quarter, compared to analyst estimates of $494.19 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio (DPR) is 27.03%.

Insider Activity

In other Kronos Worldwide news, Director Kevin B. Kramer bought 14,000 shares of Kronos Worldwide stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $7.43 per share, for a total transaction of $104,020.00. Following the completion of the transaction, the director now directly owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This represents a 187.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.11% 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.