Kronos Worldwide (NYSE:KRO) Cut to “Buy” at StockNews.com

Kronos Worldwide (NYSE:KRO) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Kronos Worldwide Trading Up 0.2 %

Shares of NYSE:KRO opened at $9.75 on Tuesday. Kronos Worldwide has a 52-week low of $8.26 and a 52-week high of $14.50. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 12.04 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 $10.03 and a 200-day moving average price of $11.03.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. The company had revenue of $484.70 million during the quarter, compared to analysts’ expectations of $588.59 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. acquired a new stake in Kronos Worldwide in the third quarter valued at approximately $2,824,000. Allspring Global Investments Holdings LLC acquired a new stake in Kronos Worldwide in the third quarter valued at approximately $1,521,000. Dimensional Fund Advisors LP grew its holdings in Kronos Worldwide by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock valued at $36,860,000 after purchasing an additional 103,988 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Kronos Worldwide by 39.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 314,862 shares of the specialty chemicals company’s stock valued at $3,920,000 after purchasing an additional 88,277 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in Kronos Worldwide in the second quarter valued at approximately $783,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

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.