Kronos Worldwide, Inc. (NYSE:KRO) Shares Sold by Zacks Investment Management

Zacks Investment Management decreased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 35.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,685 shares of the specialty chemicals company’s stock after selling 18,038 shares during the quarter. Zacks Investment Management’s holdings in Kronos Worldwide were worth $319,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Barclays PLC grew its position in Kronos Worldwide by 329.5% in the 3rd quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company’s stock worth $419,000 after purchasing an additional 25,849 shares during the last quarter. State Street Corp increased its position in Kronos Worldwide by 1.4% in the 3rd quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock valued at $7,165,000 after acquiring an additional 8,218 shares during the period. Rhumbline Advisers raised its stake in Kronos Worldwide by 8.7% during the 4th quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company’s stock valued at $341,000 after acquiring an additional 2,800 shares in the last quarter. Boston Partners boosted its position in Kronos Worldwide by 80.4% during the 4th quarter. Boston Partners now owns 1,412,106 shares of the specialty chemicals company’s stock worth $13,765,000 after acquiring an additional 629,387 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Kronos Worldwide in the fourth quarter worth $233,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Price Performance

Shares of NYSE:KRO opened at $6.88 on Friday. The stock has a market cap of $791.45 million, a price-to-earnings ratio of 8.49 and a beta of 1.21. 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 12 month low of $6.19 and a 12 month high of $14.50. The stock’s 50 day moving average price is $7.83 and its 200 day moving average price is $9.67.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The firm had revenue of $423.10 million during the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.20 annualized dividend and a dividend yield of 2.91%. Kronos Worldwide’s dividend payout ratio is currently 27.03%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th.

Insider Buying and Selling

In related news, Director Kevin B. Kramer purchased 14,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This represents a 187.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company’s stock.

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.