Quest Partners LLC Grows Stock Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Quest Partners LLC increased its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 522.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 54,826 shares of the specialty chemicals company’s stock after buying an additional 46,021 shares during the quarter. Quest Partners LLC’s holdings in Kronos Worldwide were worth $683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Kronos Worldwide by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 2,211,644 shares of the specialty chemicals company’s stock valued at $26,097,000 after purchasing an additional 5,884 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Kronos Worldwide during the first quarter valued at approximately $209,000. Twelve Points Wealth Management LLC raised its holdings in Kronos Worldwide by 4.1% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 35,388 shares of the specialty chemicals company’s stock worth $444,000 after acquiring an additional 1,394 shares during the last quarter. Mirador Capital Partners LP lifted its position in Kronos Worldwide by 3.0% in the 2nd quarter. Mirador Capital Partners LP now owns 59,762 shares of the specialty chemicals company’s stock valued at $750,000 after acquiring an additional 1,767 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Kronos Worldwide by 3.7% during the 2nd quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock valued at $412,000 after purchasing an additional 1,162 shares during the last quarter. Institutional investors own 15.11% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays boosted their price target on Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Stock Up 0.9 %

KRO opened at $11.71 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.46 and a beta of 1.16. The firm has a 50 day moving average price of $11.82 and a 200-day moving average price of $12.11. 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 company also recently declared 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. The ex-dividend date is Friday, November 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.71%. Kronos Worldwide’s payout ratio is 24.69%.

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.