AMP Capital Investors Ltd acquired a new stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,900 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its holdings in shares of Kronos Worldwide by 15.3% during the third quarter. Allianz Asset Management GmbH now owns 145,510 shares of the specialty chemicals company’s stock valued at $3,322,000 after buying an additional 19,275 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Kronos Worldwide during the third quarter valued at $430,000. OxFORD Asset Management LLP purchased a new stake in shares of Kronos Worldwide during the third quarter valued at $2,168,000. KBC Group NV grew its holdings in shares of Kronos Worldwide by 92.4% during the third quarter. KBC Group NV now owns 132,242 shares of the specialty chemicals company’s stock valued at $3,019,000 after buying an additional 63,513 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kronos Worldwide by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock valued at $30,826,000 after buying an additional 139,252 shares during the last quarter. 16.17% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. ValuEngine lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Barclays upped their price target on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, November 14th. SunTrust Banks upped their price target on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.00.

Shares of Kronos Worldwide, Inc. (NYSE:KRO) opened at $25.99 on Friday. Kronos Worldwide, Inc. has a 1-year low of $11.72 and a 1-year high of $29.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The company has a market cap of $3,010.00, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 3.22 and a beta of 2.18.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $448.00 million. During the same period in the prior year, the company earned $0.19 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. equities research analysts anticipate that Kronos Worldwide, Inc. will post 1.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, December 5th. Kronos Worldwide’s payout ratio is 21.05%.

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Kronos Worldwide 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.

Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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