Kronos Worldwide Inc (NYSE:KRO) Vice Chairman Michael Shawn Simmons Buys 5,000 Shares

Kronos Worldwide Inc (NYSE:KRO) Vice Chairman Michael Shawn Simmons acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $4.87 per share, with a total value of $24,350.00. Following the completion of the transaction, the insider directly owned 5,000 shares of the company’s stock, valued at $24,350. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kronos Worldwide Trading Up 4.4%

Shares of KRO opened at $5.07 on Tuesday. The firm’s 50 day simple moving average is $6.16 and its 200 day simple moving average is $7.25. The company has a market capitalization of $583.76 million, a P/E ratio of 8.75 and a beta of 1.09. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.79 and a quick ratio of 1.04. Kronos Worldwide Inc has a 1-year low of $4.70 and a 1-year high of $12.98.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, August 6th. The specialty chemicals company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.21). The company had revenue of $494.40 million during the quarter, compared to analysts’ expectations of $508.47 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Kronos Worldwide Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 3.9%. Kronos Worldwide’s dividend payout ratio (DPR) is 34.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut their price objective on shares of Kronos Worldwide from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, May 28th. The Goldman Sachs Group cut their price objective on shares of Kronos Worldwide from $11.00 to $8.50 and set a “sell” rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KRO. Nuveen LLC purchased a new position in shares of Kronos Worldwide during the first quarter worth approximately $2,090,000. Luminus Management LLC purchased a new position in shares of Kronos Worldwide during the fourth quarter worth approximately $2,538,000. Boston Partners raised its stake in shares of Kronos Worldwide by 10.7% during the second quarter. Boston Partners now owns 1,744,935 shares of the specialty chemicals company’s stock worth $10,816,000 after acquiring an additional 169,039 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kronos Worldwide by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company’s stock worth $30,859,000 after acquiring an additional 109,674 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Kronos Worldwide by 478.7% during the first quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock worth $942,000 after acquiring an additional 104,202 shares in the last quarter. 15.11% of the stock is owned by hedge funds and other institutional investors.

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.