Polymer Capital Management US LLC Takes Position in Kronos Worldwide, Inc. (NYSE:KRO)

Polymer Capital Management US LLC acquired a new stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,896 shares of the specialty chemicals company’s stock, valued at approximately $184,000.

Several other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. purchased a new stake in Kronos Worldwide during the fourth quarter worth $25,000. KLP Kapitalforvaltning AS bought a new stake in Kronos Worldwide during the fourth quarter valued at about $30,000. Caisse Des Depots ET Consignations purchased a new position in Kronos Worldwide in the fourth quarter valued at about $54,000. Trexquant Investment LP purchased a new position in Kronos Worldwide in the fourth quarter valued at about $104,000. Finally, Centiva Capital LP bought a new position in Kronos Worldwide in the third quarter worth about $138,000. 15.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Kevin B. Kramer acquired 14,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Kronos Worldwide Trading Down 4.7 %

Kronos Worldwide stock opened at $6.25 on Wednesday. Kronos Worldwide, Inc. has a one year low of $6.19 and a one year high of $14.50. The stock has a market cap of $718.98 million, a PE ratio of 7.72 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The stock has a 50-day moving average of $8.30 and a two-hundred day moving average of $9.98.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) EPS 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 Dividend Announcement

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 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, March 11th. Kronos Worldwide’s payout ratio is 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.