Segall Bryant & Hamill LLC Invests $1.24 Million in Kronos Worldwide, Inc. (NYSE:KRO)

Segall Bryant & Hamill LLC purchased a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 127,116 shares of the specialty chemicals company’s stock, valued at approximately $1,239,000. Segall Bryant & Hamill LLC owned 0.11% of Kronos Worldwide at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Boston Partners increased its stake in Kronos Worldwide by 80.4% in the fourth quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock valued at $13,765,000 after purchasing an additional 629,387 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Kronos Worldwide in the 3rd quarter valued at $2,824,000. Jacobs Levy Equity Management Inc. increased its position in shares of Kronos Worldwide by 39.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after buying an additional 88,277 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Kronos Worldwide in the 3rd quarter valued at $632,000. Finally, Algert Global LLC raised its stake in Kronos Worldwide by 230.0% during the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after buying an additional 48,240 shares during the period. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer purchased 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $7.43 per share, with a total value of $104,020.00. Following the purchase, the director now directly owns 21,460 shares of the company’s stock, valued at $159,447.80. The trade was a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

Kronos Worldwide Stock Down 2.6 %

Kronos Worldwide stock opened at $7.59 on Friday. The company has a 50 day moving average of $8.77 and a 200-day moving average of $10.22. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. Kronos Worldwide, Inc. has a twelve month low of $7.17 and a twelve month high of $14.50. The stock has a market capitalization of $872.55 million, a PE ratio of 9.36 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last announced its earnings results 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). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The company had revenue of $423.10 million during the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio is presently 27.03%.

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.