Aigen Investment Management LP Buys Shares of 11,343 Kronos Worldwide, Inc. (NYSE:KRO)

Aigen Investment Management LP bought a new stake in Kronos Worldwide, Inc. (NYSE:KRO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,343 shares of the specialty chemicals company’s stock, valued at approximately $141,000.

Several other large investors also recently bought and sold shares of KRO. nVerses Capital LLC grew its holdings in Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 2,000 shares during the last quarter. Quest Partners LLC lifted its position in shares of 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 acquiring an additional 8,717 shares in the last quarter. Jade Capital Advisors LLC purchased a new stake in shares of Kronos Worldwide in the third quarter valued at $124,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Kronos Worldwide in the second quarter valued at $131,000. Finally, XTX Topco Ltd purchased a new stake in shares of Kronos Worldwide in the second quarter valued at $175,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays upped their price objective 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 analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Stock Performance

NYSE KRO opened at $11.36 on Monday. The business’s 50-day moving average price is $11.74 and its 200 day moving average price is $12.13. Kronos Worldwide, Inc. has a twelve month low of $8.23 and a twelve month high of $14.50. The company has a market capitalization of $1.31 billion, a PE ratio of 14.02 and a beta of 1.16. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

Kronos Worldwide Announces Dividend

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 given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.76%. Kronos Worldwide’s dividend payout ratio (DPR) is presently 24.69%.

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.