StockNews.com Downgrades Kronos Worldwide (NYSE:KRO) to Buy

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

Kronos Worldwide Stock Performance

KRO stock opened at $9.75 on Tuesday. Kronos Worldwide has a twelve month low of $8.26 and a twelve month high of $14.50. 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’s fifty day simple moving average is $10.03 and its two-hundred day simple moving average is $11.03. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 12.04 and a beta of 1.16.

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

Hedge Funds Weigh In On Kronos Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Kronos Worldwide by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,937,071 shares of the specialty chemicals company’s stock worth $36,860,000 after buying an additional 103,988 shares in the last quarter. State Street Corp boosted its position in Kronos Worldwide by 1.4% during the third quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock valued at $7,165,000 after purchasing an additional 8,218 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Kronos Worldwide by 39.0% during 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 in the last quarter. Edgestream Partners L.P. bought a new stake in Kronos Worldwide during the third quarter valued at about $2,824,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Kronos Worldwide by 2.2% during 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 purchasing an additional 3,833 shares in the last quarter. Institutional investors own 15.11% of the company’s stock.

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.