Kronos Worldwide (KRO) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a sell rating in a research report released on Tuesday.

Separately, Zacks Investment Research upgraded Kronos Worldwide from a strong sell rating to a hold rating in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Kronos Worldwide currently has a consensus rating of Hold and an average price target of $25.33.

Shares of KRO opened at $13.96 on Tuesday. The stock has a market cap of $1.62 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.92 and a beta of 2.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.17 and a current ratio of 5.15. Kronos Worldwide has a 52-week low of $10.51 and a 52-week high of $25.95.



Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings data on Monday, March 11th. The specialty chemicals company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $349.40 million for the quarter, compared to analysts’ expectations of $378.00 million. Kronos Worldwide had a return on equity of 24.22% and a net margin of 12.34%. As a group, research analysts expect that Kronos Worldwide will post 0.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, March 5th were paid a $0.18 dividend. This is a positive change from Kronos Worldwide’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend was Monday, March 4th. Kronos Worldwide’s dividend payout ratio is currently 40.68%.

A number of hedge funds and other institutional investors have recently made changes to their positions in KRO. MUFG Securities EMEA plc bought a new position in shares of Kronos Worldwide during the 4th quarter valued at about $939,000. Geode Capital Management LLC increased its position in shares of Kronos Worldwide by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 240,081 shares of the specialty chemicals company’s stock valued at $2,764,000 after purchasing an additional 11,864 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kronos Worldwide by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,714,878 shares of the specialty chemicals company’s stock valued at $19,756,000 after purchasing an additional 164,229 shares during the last quarter. CI Investments Inc. bought a new position in shares of Kronos Worldwide during the 4th quarter valued at about $276,000. Finally, Millennium Management LLC increased its position in shares of Kronos Worldwide by 2.0% during the 4th quarter. Millennium Management LLC now owns 536,085 shares of the specialty chemicals company’s stock valued at $6,176,000 after purchasing an additional 10,415 shares during the last quarter. Institutional investors and hedge funds own 20.83% 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. It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.

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