Kronos Worldwide (NYSE:KRO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a buy rating in a research report sent to investors on Monday.

Other equities analysts also recently issued reports about the company. Barclays upped their target price on Kronos Worldwide from $7.00 to $8.00 and gave the company an underweight rating in a research report on Tuesday, March 26th. TheStreet upgraded Kronos Worldwide from a d+ rating to a c- rating in a research report on Monday, March 11th.

Kronos Worldwide Trading Up 1.0 %

Kronos Worldwide stock opened at $12.67 on Monday. Kronos Worldwide has a one year low of $6.16 and a one year high of $13.10. The stock has a market cap of $1.46 billion, a PE ratio of -55.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.90 and a current ratio of 3.68. The stock has a 50-day moving average of $11.73 and a two-hundred day moving average of $9.88.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%. The company had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $404.94 million. On average, research analysts anticipate that Kronos Worldwide will post 0.33 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Tuesday, March 5th were paid a $0.19 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.00%. Kronos Worldwide’s payout ratio is -330.43%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of Kronos Worldwide during the 4th quarter worth approximately $125,000. Counterpoint Mutual Funds LLC purchased a new stake in Kronos Worldwide during the first quarter worth $134,000. Jump Financial LLC purchased a new position in Kronos Worldwide in the third quarter valued at $173,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kronos Worldwide by 631.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock worth $211,000 after acquiring an additional 18,288 shares during the period. Finally, Semanteon Capital Management LP purchased a new stake in shares of Kronos Worldwide during the 4th quarter worth about $228,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

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.