Counterpoint Mutual Funds LLC Invests $134,000 in Kronos Worldwide, Inc. (NYSE:KRO)

Counterpoint Mutual Funds LLC bought a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 1st quarter, Holdings Channel reports. The institutional investor bought 11,330 shares of the specialty chemicals company’s stock, valued at approximately $134,000.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Kronos Worldwide in the fourth quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kronos Worldwide by 631.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 18,288 shares during the last quarter. Semanteon Capital Management LP purchased a new position in Kronos Worldwide in the fourth quarter valued at $228,000. Janney Montgomery Scott LLC increased its holdings in Kronos Worldwide by 24.9% in the third quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 6,979 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Kronos Worldwide by 193.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,900 shares of the specialty chemicals company’s stock valued at $317,000 after buying an additional 21,025 shares during the last quarter. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KRO shares. Deutsche Bank Aktiengesellschaft increased their target price on Kronos Worldwide from $12.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. StockNews.com upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. TheStreet upgraded Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. Barclays lifted their target price on Kronos Worldwide from $8.00 to $9.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 15th. Finally, The Goldman Sachs Group lifted their target price on Kronos Worldwide from $9.00 to $11.00 and gave the stock a “sell” rating in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kronos Worldwide presently has an average rating of “Hold” and a consensus target price of $11.67.

Kronos Worldwide Stock Performance

Shares of NYSE KRO traded up $0.04 during midday trading on Wednesday, reaching $12.78. 207,019 shares of the company were exchanged, compared to its average volume of 225,125. The company has a current ratio of 3.68, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. Kronos Worldwide, Inc. has a 1 year low of $6.16 and a 1 year high of $14.50. The stock has a fifty day simple moving average of $12.83 and a 200 day simple moving average of $10.98. The stock has a market cap of $1.47 billion, a P/E ratio of -55.56 and a beta of 1.26.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%. The firm had revenue of $478.80 million for the quarter, compared to analyst estimates of $454.64 million. On average, research analysts forecast that Kronos Worldwide, Inc. will post 0.85 earnings per share for the current fiscal year.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, June 10th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.95%. The ex-dividend date of this dividend was Monday, June 10th. Kronos Worldwide’s dividend payout ratio is currently -330.42%.

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.