Nisa Investment Advisors LLC Grows Stock Position in Kronos Worldwide, Inc. (NYSE:KRO)

Nisa Investment Advisors LLC grew its holdings in Kronos Worldwide, Inc. (NYSE:KRO) by 193.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,900 shares of the specialty chemicals company’s stock after acquiring an additional 21,025 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kronos Worldwide were worth $317,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,574,644 shares of the specialty chemicals company’s stock worth $22,477,000 after purchasing an additional 211,882 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kronos Worldwide by 3.4% in the third quarter. Vanguard Group Inc. now owns 2,412,875 shares of the specialty chemicals company’s stock worth $22,536,000 after buying an additional 78,415 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Kronos Worldwide by 12.8% during the second quarter. BlackRock Inc. now owns 1,717,414 shares of the specialty chemicals company’s stock worth $14,993,000 after buying an additional 194,955 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Kronos Worldwide by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,274,644 shares of the specialty chemicals company’s stock valued at $9,878,000 after buying an additional 52,898 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Kronos Worldwide by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock valued at $8,579,000 after acquiring an additional 9,924 shares during the period. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on KRO shares. StockNews.com cut Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Friday. Barclays upped their target price on Kronos Worldwide from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Tuesday, March 26th. Finally, TheStreet raised shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th.

Kronos Worldwide Stock Performance

NYSE KRO opened at $11.29 on Friday. The firm has a market capitalization of $1.30 billion, a P/E ratio of -26.26 and a beta of 1.21. The stock has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $9.21. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.01. Kronos Worldwide, Inc. has a fifty-two week low of $6.16 and a fifty-two week high of $12.48.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. Kronos Worldwide had a negative return on equity of 5.73% and a negative net margin of 2.95%. The company had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $404.94 million. On average, equities analysts forecast that Kronos Worldwide, Inc. will post 0.33 earnings per share for the current year.

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is currently -176.74%.

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.