Navellier & Associates Inc boosted its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 33.2% during the 4th quarter, HoldingsChannel reports. The fund owned 60,055 shares of the specialty chemicals company’s stock after purchasing an additional 14,957 shares during the quarter. Navellier & Associates Inc’s holdings in Kronos Worldwide were worth $1,548,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in KRO. Macquarie Group Ltd. bought a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $114,000. Teacher Retirement System of Texas bought a new stake in shares of Kronos Worldwide during the 4th quarter valued at $204,000. Neuberger Berman Group LLC bought a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $215,000. AMP Capital Investors Ltd bought a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $226,000. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of Kronos Worldwide by 862.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 10,377 shares of the specialty chemicals company’s stock valued at $237,000 after buying an additional 9,299 shares in the last quarter. Institutional investors and hedge funds own 15.97% of the company’s stock.
A number of analysts have recently commented on KRO shares. Barclays boosted their target price 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. Zacks Investment Research cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.00.
Shares of Kronos Worldwide, Inc. (NYSE:KRO) opened at $24.13 on Friday. Kronos Worldwide, Inc. has a fifty-two week low of $13.53 and a fifty-two week high of $29.49. The company has a market cap of $2,753.83, a price-to-earnings ratio of 8.44, a PEG ratio of 2.07 and a beta of 2.25. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, March 6th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Monday, March 5th. This is a boost from Kronos Worldwide’s previous quarterly dividend of $0.15. Kronos Worldwide’s payout ratio is 20.98%.
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About Kronos Worldwide
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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