Renaissance Technologies LLC Reduces Position in Kronos Worldwide Inc $KRO

Renaissance Technologies LLC reduced its stake in Kronos Worldwide Inc (NYSE:KRO) by 13.3% in the first quarter, Holdings Channel.com reports. The fund owned 579,432 shares of the specialty chemicals company’s stock after selling 88,965 shares during the period. Renaissance Technologies LLC’s holdings in Kronos Worldwide were worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of KRO. Wealthspire Retirement LLC bought a new position in Kronos Worldwide in the first quarter valued at $66,000. Bank of New York Mellon Corp grew its position in Kronos Worldwide by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company’s stock worth $5,286,000 after acquiring an additional 35,224 shares during the last quarter. IMC Chicago LLC bought a new position in shares of Kronos Worldwide in the first quarter worth approximately $68,000. Money Concepts Capital Corp purchased a new position in shares of Kronos Worldwide in the first quarter valued at about $304,000. Finally, Abel Hall LLC purchased a new position in shares of Kronos Worldwide in the first quarter valued at about $80,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Stock Up 3.8%

KRO stock opened at $8.55 on Friday. The stock has a market capitalization of $983.64 million, a P/E ratio of -9.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.30 and a quick ratio of 1.41. Kronos Worldwide Inc has a 1-year low of $4.08 and a 1-year high of $8.72. The business has a fifty day moving average price of $6.57 and a 200-day moving average price of $6.37.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, August 5th. The specialty chemicals company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.07 by $0.06. Kronos Worldwide had a negative return on equity of 12.28% and a negative net margin of 5.63%.The company had revenue of $558.10 million during the quarter, compared to the consensus estimate of $484.51 million. Equities analysts forecast 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 will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 2.3%. Kronos Worldwide’s dividend payout ratio is -17.24%.

Analyst Upgrades and Downgrades

KRO has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Zacks Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

Kronos Worldwide Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.