Kronos Worldwide, Inc. (NYSE:KRO) Shares Purchased by State Street Corp

State Street Corp grew its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 1.4% during the third quarter, Holdings Channel reports. The firm owned 575,541 shares of the specialty chemicals company’s stock after purchasing an additional 8,218 shares during the period. State Street Corp’s holdings in Kronos Worldwide were worth $7,165,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. nVerses Capital LLC grew its position in shares of Kronos Worldwide by 83.3% in the 3rd quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 2,000 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Kronos Worldwide during the third quarter worth about $67,000. Quest Partners LLC increased its position in shares of Kronos Worldwide by 9,905.7% during the second quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 8,717 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position 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 worth $120,000 after purchasing an additional 8,791 shares in the last quarter. Finally, Jade Capital Advisors LLC purchased a new stake in shares of Kronos Worldwide in the 3rd quarter valued at about $124,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Trading Down 2.3 %

Shares of Kronos Worldwide stock opened at $9.64 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a market capitalization of $1.11 billion, a P/E ratio of 11.90 and a beta of 1.13. Kronos Worldwide, Inc. has a 1 year low of $8.26 and a 1 year high of $14.50. The company’s fifty day moving average is $11.03 and its two-hundred day moving average is $11.61.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, November 29th. Kronos Worldwide’s dividend payout ratio is currently 24.69%.

Wall Street Analyst Weigh In

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

Kronos Worldwide 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.