Kronos Worldwide Inc (NYSE:KRO) insider Benjiman R. Corona sold 2,000 shares of the stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $18.35, for a total transaction of $36,700.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately $9,175. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Kronos Worldwide Inc (KRO) opened at 20.30 on Tuesday. Kronos Worldwide Inc has a one year low of $5.40 and a one year high of $21.10. The company has a market capitalization of $2.35 billion, a P/E ratio of 28.04 and a beta of 2.08. The firm has a 50-day moving average of $18.51 and a 200-day moving average of $15.45.
Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The firm had revenue of $369.80 million for the quarter, compared to the consensus estimate of $350 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Equities research analysts expect that Kronos Worldwide Inc will post $1.01 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in KRO. Vanguard Group Inc. increased its position in Kronos Worldwide by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock valued at $26,691,000 after buying an additional 50,903 shares in the last quarter. Bank of New York Mellon Corp increased its position in Kronos Worldwide by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 1,141,042 shares of the specialty chemicals company’s stock valued at $18,747,000 after buying an additional 31,669 shares in the last quarter. 1060 Capital LLC bought a new position in Kronos Worldwide during the first quarter valued at approximately $17,241,000. Advisors Asset Management Inc. increased its position in Kronos Worldwide by 130.8% in the first quarter. Advisors Asset Management Inc. now owns 873,758 shares of the specialty chemicals company’s stock valued at $14,356,000 after buying an additional 495,111 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Kronos Worldwide by 184.2% in the fourth quarter. Renaissance Technologies LLC now owns 647,100 shares of the specialty chemicals company’s stock valued at $7,726,000 after buying an additional 419,400 shares in the last quarter. Hedge funds and other institutional investors own 14.17% of the company’s stock.
Several research analysts have recently commented on KRO shares. TheStreet upgraded shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Standpoint Research lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $15.00.
About Kronos Worldwide
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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