Kronos Worldwide Inc (NYSE:KRO) Upgraded at BidaskClub
BidaskClub upgraded shares of Kronos Worldwide Inc (NYSE:KRO) from a buy rating to a strong-buy rating in a report released on Wednesday, July 12th.
A number of other analysts have also recently commented on KRO. TheStreet raised shares of Kronos Worldwide from a c rating to a b- rating in a research report on Wednesday, March 29th. Standpoint Research cut shares of Kronos Worldwide from a buy rating to a hold rating in a research report on Tuesday, March 28th. Zacks Investment Research raised shares of Kronos Worldwide from a hold rating to a strong-buy rating and set a $18.00 price objective on the stock in a research report on Friday, March 17th. Barclays PLC increased their price objective on shares of Kronos Worldwide from $7.00 to $12.00 and gave the stock an underweight rating in a research report on Tuesday, March 14th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a hold rating to a buy rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $18.00.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. The business had revenue of $369.80 million during the quarter, compared to the consensus estimate of $350 million. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. Kronos Worldwide’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) earnings per share.
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In other news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at approximately $9,175. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.08% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Kronos Worldwide during the first quarter valued at about $616,000. Wells Fargo & Company MN raised its stake in shares of Kronos Worldwide by 347.2% in the first quarter. Wells Fargo & Company MN now owns 143,076 shares of the specialty chemicals company’s stock valued at $2,351,000 after buying an additional 111,079 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Kronos Worldwide during the first quarter valued at about $4,778,000. Acadian Asset Management LLC raised its stake in shares of Kronos Worldwide by 455.4% in the first quarter. Acadian Asset Management LLC now owns 363,801 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 298,300 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 1,326 shares during the last quarter. Institutional investors own 14.37% of the company’s stock.
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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