Investors Research Corp Has $307,000 Stake in Kronos Worldwide, Inc. (NYSE:KRO)

Investors Research Corp trimmed its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,875 shares of the specialty chemicals company’s stock after selling 7,375 shares during the period. Investors Research Corp’s holdings in Kronos Worldwide were worth $307,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in Kronos Worldwide by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,574,644 shares of the specialty chemicals company’s stock valued at $22,477,000 after buying an additional 211,882 shares during the period. Vanguard Group Inc. lifted its holdings in Kronos Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 2,412,875 shares of the specialty chemicals company’s stock valued at $22,536,000 after buying an additional 78,415 shares during the period. BlackRock Inc. lifted its holdings in Kronos Worldwide by 12.8% in the second quarter. BlackRock Inc. now owns 1,717,414 shares of the specialty chemicals company’s stock valued at $14,993,000 after buying an additional 194,955 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Kronos Worldwide by 4.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,274,644 shares of the specialty chemicals company’s stock valued at $9,878,000 after buying an additional 52,898 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Kronos Worldwide by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock valued at $8,579,000 after buying an additional 9,924 shares during the period. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KRO shares. TheStreet raised shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research note on Monday, March 11th. Barclays upped their target price on shares of Kronos Worldwide from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Tuesday, March 26th. Finally, StockNews.com raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th.

Kronos Worldwide Stock Up 1.1 %

Shares of KRO stock opened at $11.51 on Tuesday. The firm has a fifty day moving average of $10.36 and a 200-day moving average of $9.15. The company has a quick ratio of 1.49, a current ratio of 3.01 and a debt-to-equity ratio of 0.57. Kronos Worldwide, Inc. has a 12-month low of $6.16 and a 12-month high of $12.48. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -26.77 and a beta of 1.21.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. Kronos Worldwide had a negative net margin of 2.95% and a negative return on equity of 5.73%. The company had revenue of $400.10 million during the quarter, compared to the consensus estimate of $404.94 million. As a group, equities research analysts predict that Kronos Worldwide, Inc. will post 0.33 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is -176.74%.

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.