Kronos Worldwide (NYSE:KRO) Upgraded to Hold by ValuEngine

Kronos Worldwide (NYSE:KRO) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.

Separately, Zacks Investment Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.50.

KRO stock opened at $15.29 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.17 and a current ratio of 4.96. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.05 and a beta of 1.94. Kronos Worldwide has a 1-year low of $10.51 and a 1-year high of $25.95.

A number of hedge funds and other institutional investors have recently made changes to their positions in KRO. Dimensional Fund Advisors LP grew its position in shares of Kronos Worldwide by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,714,878 shares of the specialty chemicals company’s stock valued at $19,756,000 after purchasing an additional 164,229 shares during the last quarter. CI Investments Inc. acquired a new position in shares of Kronos Worldwide in the fourth quarter valued at approximately $276,000. Millennium Management LLC grew its position in shares of Kronos Worldwide by 2.0% in the fourth quarter. Millennium Management LLC now owns 536,085 shares of the specialty chemicals company’s stock valued at $6,176,000 after purchasing an additional 10,415 shares during the last quarter. Legal & General Group Plc grew its position in shares of 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 last quarter. Finally, Gotham Asset Management LLC grew its position in shares of Kronos Worldwide by 34.8% in the fourth quarter. Gotham Asset Management LLC now owns 178,850 shares of the specialty chemicals company’s stock valued at $2,060,000 after purchasing an additional 46,131 shares during the last quarter. 19.72% of the stock is currently 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, 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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