Parametric Portfolio Associates LLC raised its position in Kronos Worldwide Inc (NYSE:KRO) by 9.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 119,679 shares of the specialty chemicals company’s stock after buying an additional 10,148 shares during the period. Parametric Portfolio Associates LLC owned 0.10% of Kronos Worldwide worth $1,966,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisory Services Network LLC purchased a new position in Kronos Worldwide during the first quarter worth 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 worth $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 worth $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 worth $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 worth $239,000 after buying an additional 1,326 shares during the last quarter. Institutional investors own 14.37% of the company’s stock.

Shares of Kronos Worldwide Inc (KRO) traded down 1.23% during mid-day trading on Monday, reaching $20.91. 581,511 shares of the company’s stock were exchanged. The company has a market capitalization of $2.42 billion, a PE ratio of 28.88 and a beta of 2.10. The company’s 50-day moving average price is $19.26 and its 200-day moving average price is $16.72. Kronos Worldwide Inc has a one year low of $5.45 and a one year high of $21.89.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The firm had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts expect that Kronos Worldwide Inc will post $1.04 earnings per share for the current year.

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Several equities research analysts recently commented on the stock. BidaskClub raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Kronos Worldwide currently has an average rating of “Buy” and an average price target of $18.00.

In related news, insider Benjiman R. Corona sold 2,000 shares of the company’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 sale, the insider now directly owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

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.

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

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