5,530 Shares in Kronos Worldwide, Inc. (NYSE:KRO) Bought by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,530 shares of the specialty chemicals company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of Kronos Worldwide by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock valued at $2,237,000 after acquiring an additional 3,833 shares during the last quarter. Algert Global LLC raised its stake in shares of Kronos Worldwide by 230.0% during the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after purchasing an additional 48,240 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kronos Worldwide during the 3rd quarter worth approximately $245,000. Quantbot Technologies LP acquired a new stake in shares of Kronos Worldwide in the 3rd quarter valued at approximately $67,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Kronos Worldwide by 100.6% in the third quarter. BNP Paribas Financial Markets now owns 72,074 shares of the specialty chemicals company’s stock valued at $897,000 after buying an additional 36,139 shares in the last quarter. 15.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, March 18th.

Insider Buying and Selling at Kronos Worldwide

In other news, Director Kevin B. Kramer bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $7.43 per share, with a total value of $104,020.00. Following the completion of the transaction, the director now owns 21,460 shares of the company’s stock, valued at $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Kronos Worldwide Price Performance

NYSE:KRO opened at $7.59 on Friday. 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, Inc. has a 12-month low of $7.17 and a 12-month high of $14.50. The stock’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $10.22. The firm has a market capitalization of $872.55 million, a price-to-earnings ratio of 9.36 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The business had revenue of $423.10 million for the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 11th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.64%. Kronos Worldwide’s dividend payout ratio (DPR) is currently 27.03%.

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.