Kronos Worldwide, Inc. (NYSE:KRO) Vice Chairman Robert D. Graham bought 10,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The shares were purchased at an average price of $12.50 per share, for a total transaction of $125,000.00. Following the purchase, the insider now owns 11,000 shares in the company, valued at approximately $137,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Kronos Worldwide stock traded down $0.08 on Monday, hitting $12.52. 46,402 shares of the company traded hands, compared to its average volume of 537,876. The stock has a market cap of $1.46 billion, a P/E ratio of 6.69, a PEG ratio of 0.36 and a beta of 2.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.96 and a quick ratio of 3.17. Kronos Worldwide, Inc. has a 52 week low of $12.14 and a 52 week high of $29.49.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 7th. The specialty chemicals company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.49). The company had revenue of $410.30 million for the quarter, compared to the consensus estimate of $467.00 million. Kronos Worldwide had a net margin of 12.94% and a return on equity of 33.77%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. As a group, equities analysts expect that Kronos Worldwide, Inc. will post 2.25 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Sun Life Financial INC purchased a new position in shares of Kronos Worldwide in the second quarter valued at $196,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Kronos Worldwide in the 2nd quarter valued at about $241,000. Bank of Montreal Can raised its position in Kronos Worldwide by 37.5% in the 2nd quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock valued at $249,000 after purchasing an additional 3,016 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in Kronos Worldwide in the 2nd quarter valued at about $314,000. Finally, Verition Fund Management LLC raised its position in Kronos Worldwide by 37.7% in the 3rd quarter. Verition Fund Management LLC now owns 15,183 shares of the specialty chemicals company’s stock valued at $247,000 after purchasing an additional 4,153 shares in the last quarter. Hedge funds and other institutional investors own 19.05% of the company’s stock.
KRO has been the topic of several recent analyst reports. ValuEngine cut shares of Kronos Worldwide from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st. Zacks Investment Research upgraded shares of Kronos Worldwide from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 13th. Finally, Barclays reduced their price objective on shares of Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a research report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Kronos Worldwide presently has a consensus rating of “Hold” and an average price target 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.
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