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

StockNews.com lowered shares of Kronos Worldwide (NYSE:KRO) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

Kronos Worldwide Price Performance

Shares of NYSE KRO opened at $9.73 on Tuesday. The firm has a market cap of $1.12 billion, a P/E ratio of 12.01 and a beta of 1.16. The business’s 50 day moving average is $10.06 and its 200-day moving average is $11.04. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. Kronos Worldwide has a 1-year low of $8.26 and a 1-year high of $14.50.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. The firm 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 Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in Kronos Worldwide by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock worth $36,860,000 after buying an additional 103,988 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $175,000. Sei Investments Co. acquired a new stake in shares of Kronos Worldwide during the 2nd quarter worth $184,000. AQR Capital Management LLC bought a new position in shares of Kronos Worldwide in the second quarter worth $783,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Kronos Worldwide in the second quarter valued at about $131,000. 15.11% of the stock is owned by 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.