Kronos Worldwide, Inc. (NYSE:KRO) Shares Purchased by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. raised its position in Kronos Worldwide, Inc. (NYSE:KRO) by 78.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,823 shares of the specialty chemicals company’s stock after acquiring an additional 16,620 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Kronos Worldwide were worth $369,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KRO. Rhumbline Advisers boosted its holdings in shares of Kronos Worldwide by 8.7% in the fourth quarter. Rhumbline Advisers now owns 34,948 shares of the specialty chemicals company’s stock valued at $341,000 after acquiring an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Kronos Worldwide in the 4th quarter valued at approximately $30,000. Charles Schwab Investment Management Inc. increased its position in Kronos Worldwide by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 3,833 shares during the period. Quantbot Technologies LP purchased a new position in shares of Kronos Worldwide during the 3rd quarter worth approximately $67,000. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of Kronos Worldwide during the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Stock Down 2.6 %

KRO stock opened at $7.59 on Friday. 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 company’s 50-day moving average price is $8.77 and its 200 day moving average price is $10.22. Kronos Worldwide, Inc. has a 52 week low of $7.17 and a 52 week high of $14.50. The company has a market cap of $872.55 million, a P/E ratio of 9.36 and a beta of 1.16.

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). Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The firm had revenue of $423.10 million for the quarter, compared to analysts’ expectations of $494.19 million.

Kronos Worldwide Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Tuesday, March 11th. Kronos Worldwide’s dividend payout ratio (DPR) is 27.03%.

Insider Activity

In other Kronos Worldwide news, Director Kevin B. Kramer purchased 14,000 shares of Kronos Worldwide stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

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

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.