Campbell & CO Investment Adviser LLC Has $659,000 Position in Kronos Worldwide Inc $KRO

Campbell & CO Investment Adviser LLC raised its holdings in Kronos Worldwide Inc (NYSE:KRO) by 52.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,271 shares of the specialty chemicals company’s stock after acquiring an additional 36,499 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Kronos Worldwide were worth $659,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KRO. Boston Partners raised its holdings in shares of Kronos Worldwide by 11.6% during the 1st quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company’s stock valued at $11,787,000 after purchasing an additional 163,790 shares in the last quarter. Nuveen LLC acquired a new position in Kronos Worldwide during the first quarter worth $2,090,000. Goldman Sachs Group Inc. raised its holdings in Kronos Worldwide by 11.1% during the first quarter. Goldman Sachs Group Inc. now owns 220,663 shares of the specialty chemicals company’s stock valued at $1,651,000 after buying an additional 22,046 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Kronos Worldwide by 11.4% in the first quarter. American Century Companies Inc. now owns 158,234 shares of the specialty chemicals company’s stock worth $1,184,000 after buying an additional 16,244 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Kronos Worldwide by 478.7% during the 1st quarter. AQR Capital Management LLC now owns 125,969 shares of the specialty chemicals company’s stock worth $942,000 after acquiring an additional 104,202 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Kronos Worldwide Stock Down 2.0%

KRO opened at $4.73 on Friday. The business has a 50 day moving average of $5.36 and a 200-day moving average of $6.04. The stock has a market capitalization of $543.63 million, a price-to-earnings ratio of 8.15 and a beta of 1.11. The company has a current ratio of 2.79, a quick ratio of 1.04 and a debt-to-equity ratio of 0.59. Kronos Worldwide Inc has a 1-year low of $4.08 and a 1-year high of $11.97.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Thursday, November 6th. The specialty chemicals company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.12). The company had revenue of $456.90 million for the quarter, compared to analyst estimates of $519.27 million. Kronos Worldwide had a net margin of 3.57% and a return on equity of 8.04%.

Kronos Worldwide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, November 21st. Kronos Worldwide’s dividend payout ratio (DPR) is presently -55.56%.

Analyst Ratings Changes

A number of brokerages recently weighed in on KRO. The Goldman Sachs Group cut their price objective on Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of Kronos Worldwide in a research report on Thursday. Zacks Research raised shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a report on Monday, October 27th. Finally, Wall Street Zen lowered shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kronos Worldwide has an average rating of “Strong Sell” and a consensus target price of $6.50.

About Kronos Worldwide

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.