Los Angeles Capital Management LLC Sells 28,640 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

Los Angeles Capital Management LLC decreased its holdings in shares of Kronos Worldwide, Inc. (NYSE:KRO) by 18.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 125,380 shares of the specialty chemicals company’s stock after selling 28,640 shares during the period. Los Angeles Capital Management LLC owned approximately 0.11% of Kronos Worldwide worth $1,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Kronos Worldwide by 329.5% during the 3rd quarter. Barclays PLC now owns 33,695 shares of the specialty chemicals company’s stock valued at $419,000 after acquiring an additional 25,849 shares during the last quarter. Algert Global LLC lifted its position in Kronos Worldwide by 230.0% during the third quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock valued at $862,000 after purchasing an additional 48,240 shares during the last quarter. State Street Corp grew its stake in Kronos Worldwide by 1.4% in the 3rd quarter. State Street Corp now owns 575,541 shares of the specialty chemicals company’s stock worth $7,165,000 after buying an additional 8,218 shares in the last quarter. Zacks Investment Management bought a new position in shares of Kronos Worldwide in the 3rd quarter worth $632,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Kronos Worldwide by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after buying an additional 3,833 shares during the last quarter. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Stock Performance

NYSE:KRO opened at $8.74 on Friday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 10.79 and a beta of 1.14. The business has a 50 day moving average of $9.40 and a 200 day moving average of $10.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. Kronos Worldwide, Inc. has a 1-year low of $8.51 and a 1-year high of $14.50.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Tuesday, March 11th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.29%. Kronos Worldwide’s payout ratio is 24.69%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Profile

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.