Kronos Worldwide Inc (KRO) Position Increased by Hanseatic Management Services Inc.
Hanseatic Management Services Inc. lifted its stake in Kronos Worldwide Inc (NYSE:KRO) by 862.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,377 shares of the specialty chemicals company’s stock after purchasing an additional 9,299 shares during the period. Hanseatic Management Services Inc.’s holdings in Kronos Worldwide were worth $237,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in KRO. Strs Ohio acquired a new position in Kronos Worldwide during the second quarter worth about $198,000. Zacks Investment Management acquired a new position in Kronos Worldwide during the second quarter worth about $207,000. Winslow Evans & Crocker Inc. acquired a new position in Kronos Worldwide during the third quarter worth about $208,000. American International Group Inc. raised its position in Kronos Worldwide by 7.1% during the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after acquiring an additional 894 shares during the last quarter. Finally, Stephens Inc. AR acquired a new position in Kronos Worldwide during the second quarter worth about $228,000. Hedge funds and other institutional investors own 15.71% of the company’s stock.
A number of equities research analysts have recently commented on KRO shares. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Friday, July 28th. BidaskClub upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Barclays PLC lifted their price target 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. ValuEngine upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, SunTrust Banks, Inc. lifted their price target on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.00.
Kronos Worldwide Inc (KRO) traded up $0.84 during trading on Friday, reaching $27.39. 505,100 shares of the company were exchanged, compared to its average volume of 485,640. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66. Kronos Worldwide Inc has a 52-week low of $11.12 and a 52-week high of $27.92. The stock has a market capitalization of $3,077.20, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 3.30 and a beta of 2.16.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The company had revenue of $464.50 million during the quarter, compared to the consensus estimate of $448.00 million. During the same period in the previous year, the firm earned $0.19 earnings per share. Kronos Worldwide’s revenue for the quarter was up 30.4% on a year-over-year basis. analysts anticipate that Kronos Worldwide Inc will post 1.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 annualized dividend and a yield of 2.19%. Kronos Worldwide’s dividend payout ratio is currently 20.98%.
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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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