Kronos Worldwide (NYSE:KRO) Downgraded by StockNews.com to “Buy”

Kronos Worldwide (NYSE:KROGet Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday.

Kronos Worldwide Stock Up 0.6 %

Shares of NYSE:KRO opened at $9.98 on Tuesday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 12.32 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. Kronos Worldwide has a 12-month low of $8.26 and a 12-month high of $14.50. The business’s 50 day moving average is $10.09 and its 200 day moving average is $11.07.

Kronos Worldwide (NYSE:KROGet Free Report) last announced its earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.28. The company had revenue of $484.70 million for the quarter, compared to analysts’ expectations of $588.59 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Institutional Trading of Kronos Worldwide

Several hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Kronos Worldwide by 329.5% during the 3rd quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company’s stock valued at $419,000 after purchasing an additional 25,849 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Kronos Worldwide by 40.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,055 shares of the specialty chemicals company’s stock valued at $349,000 after purchasing an additional 8,150 shares during the period. Zacks Investment Management bought a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $632,000. State Street Corp raised its stake in shares of Kronos Worldwide by 1.4% during the 3rd quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock valued at $7,165,000 after purchasing an additional 8,218 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Kronos Worldwide by 39.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after purchasing an additional 88,277 shares during the period. 15.11% of the stock is currently owned by institutional investors.

Kronos Worldwide Company Profile

(Get Free Report)

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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