First Eagle Investment Management LLC Sells 71,130 Shares of Kronos Worldwide Inc $KRO

First Eagle Investment Management LLC reduced its position in Kronos Worldwide Inc (NYSE:KRO) by 14.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 433,047 shares of the specialty chemicals company’s stock after selling 71,130 shares during the period. First Eagle Investment Management LLC’s holdings in Kronos Worldwide were worth $2,685,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KRO. Boston Partners boosted its holdings in Kronos Worldwide by 11.6% in the first quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company’s stock valued at $11,787,000 after acquiring an additional 163,790 shares during the last quarter. Nuveen LLC acquired a new position in Kronos Worldwide during the 1st quarter valued at about $2,090,000. Goldman Sachs Group Inc. lifted its position in Kronos Worldwide by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company’s stock valued at $1,651,000 after purchasing an additional 22,046 shares during the period. American Century Companies Inc. boosted its stake in shares of Kronos Worldwide by 11.4% in the 1st quarter. American Century Companies Inc. now owns 158,234 shares of the specialty chemicals company’s stock valued at $1,184,000 after purchasing an additional 16,244 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Kronos Worldwide by 478.7% during the 1st quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock worth $942,000 after buying an additional 104,202 shares during the period. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Trading Down 7.1%

Shares of NYSE KRO opened at $4.39 on Friday. The company’s fifty day moving average is $5.50 and its 200-day moving average is $6.13. The stock has a market cap of $504.51 million, a price-to-earnings ratio of 7.56 and a beta of 1.11. Kronos Worldwide Inc has a twelve month low of $4.08 and a twelve month high of $12.32. The company has a quick ratio of 1.04, a current ratio of 2.79 and a debt-to-equity ratio of 0.59.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Thursday, November 6th. The specialty chemicals company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.12). The firm had revenue of $456.90 million during the quarter, compared to the consensus estimate of $519.27 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Kronos Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 21st. Kronos Worldwide’s dividend payout ratio is presently 34.48%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KRO. Wall Street Zen lowered shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Kronos Worldwide in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their price target on Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Finally, Zacks Research raised Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Kronos Worldwide currently has a consensus rating of “Strong Sell” and an average price target of $6.50.

About Kronos Worldwide

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.