Kronos Worldwide (NYSE:KRO) Downgraded by StockNews.com to “Hold”

Kronos Worldwide (NYSE:KRO) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Kronos Worldwide Stock Down 5.9 %

NYSE KRO traded down $0.47 during mid-day trading on Monday, reaching $7.40. 307,078 shares of the company’s stock traded hands, compared to its average volume of 197,173. Kronos Worldwide has a 1-year low of $7.33 and a 1-year high of $14.50. The company has a fifty day simple moving average of $9.21 and a 200-day simple moving average of $10.56. The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $850.69 million, a price-to-earnings ratio of 9.13 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last released its earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). The firm had revenue of $423.10 million for the quarter, compared to the consensus estimate of $494.19 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Institutional Trading of Kronos Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Federated Hermes Inc. acquired a new stake in shares of Kronos Worldwide in the fourth quarter worth about $25,000. KLP Kapitalforvaltning AS bought a new position in Kronos Worldwide during the fourth quarter valued at about $30,000. Aquatic Capital Management LLC increased its stake in Kronos Worldwide by 144.8% during the fourth quarter. Aquatic Capital Management LLC now owns 3,183 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 1,883 shares during the period. State of Wyoming increased its stake in Kronos Worldwide by 28.1% during the fourth quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 1,105 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new stake in Kronos Worldwide during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 15.11% 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. 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.