Schwab Charles Investment Management Inc. Acquires 4,617 Shares of Kronos Worldwide Inc (KRO)
Schwab Charles Investment Management Inc. raised its position in Kronos Worldwide Inc (NYSE:KRO) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 87,535 shares of the specialty chemicals company’s stock after buying an additional 4,617 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.08% of Kronos Worldwide worth $1,439,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Laurion Capital Management LP acquired a new stake in shares of Kronos Worldwide during the first quarter worth $166,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 1,284 shares during the period. American International Group Inc. boosted its stake in shares of Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 1,326 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Kronos Worldwide during the first quarter worth $240,000. Institutional investors and hedge funds own 15.44% of the company’s stock.
Kronos Worldwide Inc (NYSE KRO) traded up 1.46% during midday trading on Monday, hitting $20.10. 135,214 shares of the stock were exchanged. The company has a market cap of $2.33 billion, a PE ratio of 8.36 and a beta of 2.10. Kronos Worldwide Inc has a 12 month low of $7.27 and a 12 month high of $21.89. The firm’s 50 day moving average price is $19.94 and its 200 day moving average price is $17.48.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 3.03%. Kronos Worldwide’s payout ratio is currently 24.90%.
A number of brokerages have weighed in on KRO. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Barclays PLC upped their price objective on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BidaskClub cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.50.
In other Kronos Worldwide news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the sale, the insider now owns 500 shares of the company’s stock, valued at $9,175. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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