ValuEngine Lowers Kronos Worldwide (NYSE:KRO) to Sell

ValuEngine cut shares of Kronos Worldwide (NYSE:KRO) from a hold rating to a sell rating in a research note published on Friday, ValuEngine reports.

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

Shares of NYSE KRO traded down $0.23 during trading hours on Friday, hitting $11.88. 1,116 shares of the stock were exchanged, compared to its average volume of 250,056. The company has a quick ratio of 2.93, a current ratio of 4.99 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $14.37. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 6.76, a P/E/G ratio of 0.73 and a beta of 1.99. Kronos Worldwide has a one year low of $10.51 and a one year high of $22.96.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $436.50 million during the quarter, compared to the consensus estimate of $398.26 million. Kronos Worldwide had a net margin of 9.87% and a return on equity of 19.26%. On average, analysts anticipate that Kronos Worldwide will post 1.05 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of Kronos Worldwide by 43.3% during the 4th quarter. Legal & General Group Plc now owns 4,660 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 1,408 shares during the period. Pearl River Capital LLC lifted its holdings in shares of Kronos Worldwide by 357.5% during the 1st quarter. Pearl River Capital LLC now owns 4,012 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 3,135 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Kronos Worldwide by 434.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,252 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 4,270 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Kronos Worldwide by 331.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 8,059 shares of the specialty chemicals company’s stock worth $86,000 after acquiring an additional 6,193 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Kronos Worldwide by 378.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,972 shares of the specialty chemicals company’s stock worth $92,000 after acquiring an additional 6,305 shares during the period. 20.44% of the stock is owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

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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