Shell Asset Management Co. lowered its position in shares of Kronos Worldwide, Inc. (NYSE:KRO – Get Rating) by 12.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 20,362 shares of the specialty chemicals company’s stock after selling 3,000 shares during the quarter. Shell Asset Management Co.’s holdings in Kronos Worldwide were worth $316,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRO. Quadrant Capital Group LLC lifted its position in Kronos Worldwide by 108.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,750 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 911 shares during the period. Lazard Asset Management LLC acquired a new stake in Kronos Worldwide during the 4th quarter worth about $31,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Kronos Worldwide by 269.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,597 shares of the specialty chemicals company’s stock worth $99,000 after acquiring an additional 4,812 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Kronos Worldwide in the 4th quarter valued at about $106,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Kronos Worldwide by 49.6% in the 4th quarter. BNP Paribas Arbitrage SA now owns 8,696 shares of the specialty chemicals company’s stock valued at $131,000 after buying an additional 2,885 shares during the period. Institutional investors and hedge funds own 14.82% of the company’s stock.
Kronos Worldwide Stock Performance
Shares of KRO stock opened at $16.30 on Friday. The stock has a market cap of $1.88 billion, a PE ratio of 10.94 and a beta of 0.97. The business has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $16.28. The company has a quick ratio of 2.90, a current ratio of 4.55 and a debt-to-equity ratio of 0.53. Kronos Worldwide, Inc. has a 52-week low of $12.06 and a 52-week high of $19.78.
Kronos Worldwide Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.76 annualized dividend and a dividend yield of 4.66%. Kronos Worldwide’s dividend payout ratio is presently 51.01%.
Insider Activity at Kronos Worldwide
In related news, major shareholder Corp Contran sold 5,900 shares of Kronos Worldwide stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $21.94, for a total value of $129,446.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by company insiders.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Kronos Worldwide from $18.00 to $20.00 in a report on Thursday, May 19th.
Kronos Worldwide Company Profile
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.
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