Trexquant Investment LP Invests $104,000 in Kronos Worldwide, Inc. (NYSE:KRO)

Trexquant Investment LP acquired 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 (SEC). The firm acquired 10,660 shares of the specialty chemicals company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. raised its position in Kronos Worldwide by 78.4% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 37,823 shares of the specialty chemicals company’s stock valued at $369,000 after purchasing an additional 16,620 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Kronos Worldwide in the fourth quarter valued at approximately $54,000. JPMorgan Chase & Co. raised its holdings in Kronos Worldwide by 39.2% in the fourth quarter. JPMorgan Chase & Co. now owns 52,660 shares of the specialty chemicals company’s stock valued at $513,000 after acquiring an additional 14,833 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Kronos Worldwide in the fourth quarter worth approximately $1,239,000. Finally, Vanguard Group Inc. grew its holdings in Kronos Worldwide by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company’s stock worth $21,625,000 after acquiring an additional 13,869 shares in the last quarter. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Kronos Worldwide

In other news, Director Kevin B. Kramer bought 14,000 shares of Kronos Worldwide stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $7.43 per share, with a total value of $104,020.00. Following the acquisition, the director now owns 21,460 shares of the company’s stock, valued at approximately $159,447.80. This trade represents a 187.67 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Kronos Worldwide Trading Up 4.5 %

KRO opened at $7.15 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. Kronos Worldwide, Inc. has a one year low of $6.19 and a one year high of $14.50. The company has a market cap of $822.51 million, a P/E ratio of 8.83 and a beta of 1.21. The business’s 50-day simple moving average is $8.04 and its 200-day simple moving average is $9.80.

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

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 given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a yield of 2.80%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 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.