Jacobs Levy Equity Management Inc. Increases Stock Position in Kronos Worldwide, Inc. (NYSE:KRO)

Jacobs Levy Equity Management Inc. raised its position in Kronos Worldwide, Inc. (NYSE:KRO) by 39.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,862 shares of the specialty chemicals company’s stock after acquiring an additional 88,277 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.27% of Kronos Worldwide worth $3,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Centiva Capital LP purchased a new position in Kronos Worldwide during the 3rd quarter valued at about $138,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Kronos Worldwide by 1,086.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock valued at $120,000 after buying an additional 8,791 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Kronos Worldwide during the third quarter valued at approximately $2,824,000. PDT Partners LLC raised its holdings in shares of Kronos Worldwide by 40.2% during the third quarter. PDT Partners LLC now owns 49,117 shares of the specialty chemicals company’s stock valued at $612,000 after acquiring an additional 14,084 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Kronos Worldwide by 100.6% in the third quarter. BNP Paribas Financial Markets now owns 72,074 shares of the specialty chemicals company’s stock worth $897,000 after acquiring an additional 36,139 shares during the period. 15.11% of the stock is owned by institutional investors.

Kronos Worldwide Trading Up 1.1 %

NYSE KRO opened at $10.36 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 12.79 and a beta of 1.13. The stock’s 50 day moving average is $11.66 and its 200 day moving average is $11.98. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.69%.

Wall Street Analyst Weigh In

Separately, Barclays upped their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.00.

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.