Neuberger Berman Group LLC Acquires New Stake in Kronos Worldwide, Inc. (KRO)

Neuberger Berman Group LLC acquired a new stake in shares of Kronos Worldwide, Inc. (NYSE:KRO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,434 shares of the specialty chemicals company’s stock, valued at approximately $215,000.

Several other large investors also recently made changes to their positions in KRO. Macquarie Group Ltd. acquired a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $114,000. Zacks Investment Management acquired a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $207,000. Winslow Evans & Crocker Inc. acquired a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $208,000. AMP Capital Investors Ltd acquired a new stake in shares of Kronos Worldwide during the 3rd quarter valued at $226,000. Finally, Stephens Inc. AR acquired a new stake in shares of Kronos Worldwide during the 2nd quarter valued at $228,000. Institutional investors own 16.17% of the company’s stock.

Kronos Worldwide, Inc. (KRO) opened at $26.97 on Friday. Kronos Worldwide, Inc. has a one year low of $12.11 and a one year high of $29.49. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66. The firm has a market cap of $3,130.00, a price-to-earnings ratio of 9.46, a PEG ratio of 2.30 and a beta of 2.20.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.21. The business had revenue of $464.50 million for the quarter, compared to the consensus estimate of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. Kronos Worldwide’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. research analysts predict that Kronos Worldwide, Inc. will post 1.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, December 6th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Tuesday, December 5th. Kronos Worldwide’s payout ratio is 21.05%.

KRO has been the subject of a number of research analyst reports. ValuEngine upgraded Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays increased their target price on Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a report on Tuesday, November 14th. SunTrust Banks increased their target price on Kronos Worldwide from $21.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research lowered Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Kronos Worldwide currently has a consensus rating of “Hold” and a consensus price target of $24.00.

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Kronos Worldwide Profile

Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.

Institutional Ownership by Quarter for Kronos Worldwide (NYSE:KRO)

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