Kronos Worldwide, Inc. (NYSE:KRO) Stock Position Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Kronos Worldwide, Inc. (NYSE:KRO) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,020 shares of the specialty chemicals company’s stock after selling 8,660 shares during the quarter. Los Angeles Capital Management LLC owned about 0.13% of Kronos Worldwide worth $1,918,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KRO. Semanteon Capital Management LP lifted its stake in Kronos Worldwide by 34.1% in the third quarter. Semanteon Capital Management LP now owns 38,981 shares of the specialty chemicals company’s stock valued at $485,000 after acquiring an additional 9,902 shares during the last quarter. Jade Capital Advisors LLC acquired a new stake in shares of Kronos Worldwide in the 3rd quarter valued at $124,000. Allspring Global Investments Holdings LLC bought a new stake in Kronos Worldwide in the third quarter worth $1,521,000. nVerses Capital LLC increased its position in Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 2,000 shares during the last quarter. Finally, Twelve Points Wealth Management LLC raised its holdings in Kronos Worldwide by 2.5% during the third quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company’s stock valued at $452,000 after buying an additional 901 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Down 0.1 %

Kronos Worldwide stock opened at $11.41 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. Kronos Worldwide, Inc. has a fifty-two week low of $8.23 and a fifty-two week high of $14.50. The firm has a fifty day moving average price of $11.73 and a two-hundred day moving average price of $12.13. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 14.08 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.75%. Kronos Worldwide’s dividend payout ratio is presently 24.69%.

Wall Street Analyst Weigh In

Separately, Barclays increased their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. Based on data from MarketBeat, Kronos Worldwide has an average rating of “Hold” and a consensus price target of $12.00.

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.