Allianz Asset Management GmbH Trims Holdings in Kronos Worldwide, Inc. (KRO)

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Allianz Asset Management GmbH decreased its position in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 3.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 227,735 shares of the specialty chemicals company’s stock after selling 7,281 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.20% of Kronos Worldwide worth $5,147,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KRO. Nuveen Asset Management LLC bought a new stake in shares of Kronos Worldwide during the 1st quarter valued at $705,000. Quadrature Capital Ltd bought a new stake in shares of Kronos Worldwide during the 1st quarter valued at $774,000. Citigroup Inc. raised its position in shares of Kronos Worldwide by 81.1% during the 1st quarter. Citigroup Inc. now owns 23,709 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 10,614 shares during the last quarter. Cavalier Investments LLC raised its position in shares of Kronos Worldwide by 64.6% during the 1st quarter. Cavalier Investments LLC now owns 52,000 shares of the specialty chemicals company’s stock valued at $1,175,000 after acquiring an additional 20,400 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Kronos Worldwide by 214.6% during the 1st quarter. JPMorgan Chase & Co. now owns 48,929 shares of the specialty chemicals company’s stock valued at $1,106,000 after acquiring an additional 33,375 shares during the last quarter. 17.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kronos Worldwide opened at $22.60 on Friday, Marketbeat reports. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.52 and a beta of 2.39. Kronos Worldwide, Inc. has a 52 week low of $17.11 and a 52 week high of $29.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.58 and a quick ratio of 2.93.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Tuesday, May 8th. The specialty chemicals company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.09). The business had revenue of $430.40 million for the quarter, compared to the consensus estimate of $474.71 million. Kronos Worldwide had a net margin of 21.70% and a return on equity of 38.70%. The business’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. sell-side analysts forecast that Kronos Worldwide, Inc. will post 2.97 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Tuesday, June 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, June 4th. Kronos Worldwide’s dividend payout ratio is currently 36.17%.

Several brokerages have commented on KRO. ValuEngine cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Deutsche Bank upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating and upped their target price for the company from $8.00 to $28.00 in a research report on Wednesday, May 23rd. Finally, Zacks Investment Research cut shares of Kronos Worldwide from a “buy” rating to a “sell” rating in a research report on Wednesday, May 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Kronos Worldwide presently has a consensus rating of “Hold” and a consensus target price of $25.50.

About Kronos Worldwide

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.

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

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