Creative Planning Lowers Position in Kronos Worldwide, Inc. (NYSE:KRO)

Creative Planning decreased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 40.5% during the third quarter, Holdings Channel reports. The fund owned 10,178 shares of the specialty chemicals company’s stock after selling 6,934 shares during the period. Creative Planning’s holdings in Kronos Worldwide were worth $127,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC increased its stake in Kronos Worldwide by 9,905.7% during the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 8,717 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Kronos Worldwide in the second quarter worth $131,000. XTX Topco Ltd purchased a new stake in Kronos Worldwide during the second quarter valued at $175,000. Sei Investments Co. bought a new stake in shares of Kronos Worldwide during the 2nd quarter valued at about $184,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Kronos Worldwide in the second quarter worth approximately $202,000. 15.11% of the stock is owned by hedge funds and other institutional investors.

Kronos Worldwide Trading Down 2.1 %

Shares of KRO stock opened at $11.42 on Wednesday. The stock has a fifty day simple moving average of $11.73 and a two-hundred day simple moving average of $12.13. Kronos Worldwide, Inc. has a 52-week low of $7.70 and a 52-week high of $14.50. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.10 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.98 and a current ratio of 2.68.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, November 29th. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.69%.

Wall Street Analysts Forecast Growth

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 investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to MarketBeat.com, Kronos Worldwide has a consensus rating of “Hold” and a consensus target price of $12.00.

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.