152,303 Shares in Kronos Worldwide Inc $KRO Bought by Monaco Asset Management SAM

Monaco Asset Management SAM purchased a new stake in shares of Kronos Worldwide Inc (NYSE:KRO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 152,303 shares of the specialty chemicals company’s stock, valued at approximately $964,000. Kronos Worldwide comprises 0.1% of Monaco Asset Management SAM’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PDT Partners LLC increased its stake in shares of Kronos Worldwide by 5.0% in the second quarter. PDT Partners LLC now owns 52,743 shares of the specialty chemicals company’s stock worth $327,000 after purchasing an additional 2,500 shares during the period. Tolleson Wealth Management Inc. boosted its stake in Kronos Worldwide by 9.6% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 32,045 shares of the specialty chemicals company’s stock valued at $199,000 after purchasing an additional 2,800 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kronos Worldwide by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 175,962 shares of the specialty chemicals company’s stock valued at $778,000 after buying an additional 3,244 shares during the last quarter. Barclays PLC grew its holdings in Kronos Worldwide by 10.6% in the 4th quarter. Barclays PLC now owns 34,015 shares of the specialty chemicals company’s stock valued at $150,000 after buying an additional 3,273 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Kronos Worldwide by 13.6% in the 3rd quarter. Squarepoint Ops LLC now owns 34,165 shares of the specialty chemicals company’s stock worth $196,000 after buying an additional 4,092 shares during the period. 15.11% of the stock is owned by institutional investors and hedge funds.

Kronos Worldwide Price Performance

NYSE:KRO opened at $8.42 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.55 and a current ratio of 3.30. The company has a 50-day moving average of $6.71 and a 200-day moving average of $6.48. Kronos Worldwide Inc has a 52 week low of $4.08 and a 52 week high of $8.90. The company has a market capitalization of $969.60 million, a price-to-earnings ratio of -8.87 and a beta of 1.01.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. The business had revenue of $558.10 million for the quarter, compared to analysts’ expectations of $484.51 million. As a group, equities research analysts anticipate that Kronos Worldwide Inc will post -0.33 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, September 3rd. Kronos Worldwide’s dividend payout ratio is currently -21.05%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KRO shares. Wall Street Zen upgraded Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday. The Goldman Sachs Group restated a “sell” rating and issued a $8.00 price objective on shares of Kronos Worldwide in a research note on Thursday. Zacks Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $8.00.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.