Kronos Worldwide (NYSE:KRO) Rating Increased to Hold at ValuEngine

Kronos Worldwide (NYSE:KRO) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 17th.

Shares of KRO opened at $14.47 on Thursday. Kronos Worldwide has a fifty-two week low of $10.51 and a fifty-two week high of $24.81. The stock has a market cap of $1.67 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 0.82 and a beta of 1.92. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.99 and a quick ratio of 2.93.

Kronos Worldwide (NYSE:KRO) last announced its earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Kronos Worldwide had a net margin of 9.87% and a return on equity of 19.26%. The business had revenue of $436.50 million during the quarter, compared to the consensus estimate of $398.26 million. On average, sell-side analysts anticipate that Kronos Worldwide will post 1.11 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Pearl River Capital LLC lifted its position in Kronos Worldwide by 357.5% in the first quarter. Pearl River Capital LLC now owns 4,012 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 3,135 shares during the period. Legal & General Group Plc lifted its position in Kronos Worldwide by 43.3% in the fourth quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 1,408 shares during the period. BNP Paribas Arbitrage SA lifted its position in Kronos Worldwide by 434.8% in the first quarter. BNP Paribas Arbitrage SA now owns 5,252 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 4,270 shares during the period. SEI Investments Co lifted its position in Kronos Worldwide by 17.4% in the first quarter. SEI Investments Co now owns 6,069 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 898 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in Kronos Worldwide by 378.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the specialty chemicals company’s stock valued at $92,000 after purchasing an additional 6,305 shares during the period. Hedge funds and other institutional investors own 20.33% of the company’s stock.

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, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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