Barclays PLC Grows Holdings in Kronos Worldwide, Inc. (NYSE:KRO)

Barclays PLC lifted its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 329.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,695 shares of the specialty chemicals company’s stock after buying an additional 25,849 shares during the quarter. Barclays PLC’s holdings in Kronos Worldwide were worth $419,000 at the end of the most recent quarter.

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

Kronos Worldwide Trading Down 1.0 %

Shares of KRO opened at $9.34 on Friday. Kronos Worldwide, Inc. has a twelve month low of $8.26 and a twelve month high of $14.50. The firm has a market capitalization of $1.07 billion, a P/E ratio of 11.53 and a beta of 1.13. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $11.46.

Kronos Worldwide Dividend Announcement

The company 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 annualized dividend and a dividend yield of 2.14%. 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 upped their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. According to MarketBeat, Kronos Worldwide presently has an average rating of “Hold” and a consensus price target of $12.00.

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.