PDT Partners LLC Buys 14,084 Shares of Kronos Worldwide, Inc. (NYSE:KRO)

PDT Partners LLC grew its stake in Kronos Worldwide, Inc. (NYSE:KRO) by 40.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,117 shares of the specialty chemicals company’s stock after purchasing an additional 14,084 shares during the quarter. PDT Partners LLC’s holdings in Kronos Worldwide were worth $612,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. nVerses Capital LLC increased its position in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 2,000 shares during the last quarter. Quantbot Technologies LP bought a new position in Kronos Worldwide in the 3rd quarter valued at $67,000. Quest Partners LLC increased its position in shares of Kronos Worldwide by 9,905.7% during the 2nd quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock valued at $111,000 after purchasing an additional 8,717 shares during the last quarter. Jade Capital Advisors LLC bought a new stake in shares of Kronos Worldwide during the 3rd quarter worth $124,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Kronos Worldwide in the 2nd quarter worth about $131,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays raised their price objective on shares of Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kronos Worldwide currently has a consensus rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Stock Performance

NYSE:KRO opened at $10.54 on Tuesday. Kronos Worldwide, Inc. has a 1 year low of $8.26 and a 1 year high of $14.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The business has a fifty day simple moving average of $11.83 and a two-hundred day simple moving average of $12.06. The company has a market capitalization of $1.21 billion, a P/E ratio of 13.11 and a beta of 1.16.

Kronos Worldwide Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.90%. Kronos Worldwide’s payout ratio is 24.69%.

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.