Jane Street Group LLC Lowers Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Jane Street Group LLC decreased its stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 54.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,617 shares of the specialty chemicals company’s stock after selling 34,328 shares during the quarter. Jane Street Group LLC’s holdings in Kronos Worldwide were worth $356,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC increased its holdings in shares of Kronos Worldwide by 136.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 360,677 shares of the specialty chemicals company’s stock worth $4,526,000 after purchasing an additional 208,256 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Kronos Worldwide in the second quarter worth $783,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Kronos Worldwide in the third quarter worth $1,521,000. Algert Global LLC lifted its position in Kronos Worldwide by 230.0% during the third quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock valued at $862,000 after purchasing an additional 48,240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Kronos Worldwide during the second quarter valued at $131,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analysts Set New Price Targets

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

Kronos Worldwide Stock Performance

NYSE KRO opened at $9.10 on Thursday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 11.23 and a beta of 1.16. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $10.68 and a 200-day moving average price of $11.36. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) 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.