The Vanguard Group, Inc. has recently announced that it has increased stake in Kronos Worldwide Inc. (NYSE:KRO) by 3.19%. After grabbing 2.34 million shares, the institutional investor is now in possession of 72085.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.02% having worth around $21.95 million. Moreover, Dimensional Fund Advisors LP increased its share by 58468.0 to have a control over 2.29 million shares. And Millennium Management LLC raised its holdings to 0.86 million shares by acquiring 0.87 million shares or 0.76% of the stake.
Kronos Worldwide Inc. (KRO) concluded trading on 01/18/23 at a closing price of $11.10, with 0.35 million shares of worth about $3.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.32% during that period and on Wednesday the price saw a gain of about 2.02%. Currently the company’s common shares owned by public are about 115.50M shares, out of which, 21.98M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the KRO stock and their offered price forecasts bring an average price target of $11.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.00 and could fall to a lowest price of $10.00. The stock’s current price level is -11.0% below of average price target set by the analysts, while a dip to estimated low would result in loss of -11.0% for the stock. However, touching the estimated high of $12.00 would mean a gain of 7.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 9 times over the past 12 months. They bought 11,400 shares in 9 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
Kempen Intl. Funds – Global Small, Vanguard Total Stock Market Index, and DFA US Small Cap Value Portfolio are the top 3 mutual funds which are holding stakes in Kronos Worldwide Inc. Kempen Intl. Funds – Global Small is currently holding 1.68 million shares of worth totaling $15.83 million. The company recently came buying 0.0 shares which brought its stake up to 1.46% of the company’s outstanding shares. DFA US Small Cap Value Portfolio, after buying 0.6 million shares, have now control over 0.52% of the stake in the company. It holds 0.33 million shares of worth $5.66 million.
Kronos Worldwide Inc. (NYSE: KRO) started trading at $11.03, above $0.15 from concluding price of the previous day. However, the stock later moved at a day high price of 11.36, or with a gain of 2.02%. Stock saw a price change of 5.31% in past 5 days and over the past one month there was a price change of 19.61%. Year-to-date (YTD), KRO shares are showing a performance of 18.09% which decreased to -28.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.48 but also hit the highest price of $19.78 during that period. The average intraday trading volume for Kronos Worldwide Inc. shares is 292.74K. The stock is currently trading 12.33% above its 20-day simple moving average (SMA20), while that difference is up 13.78% for SMA50 and it goes to -18.17% lower than SMA200.
The Vanguard Group, Inc. acquired 2.34 million shares of Kronos Worldwide Inc. having value of about $21.95 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 72085.0 shares in the company valued at close to $800143.5, or have control over 3.19% stake in the company. Kronos Worldwide Inc. (NYSE: KRO) currently have 115.50M outstanding shares and institutions hold larger chunk of about 16.20% of that. Holding of mutual funds in the company is about 83.07% while other institutional holders and individual stake holders have control over 9.06% and 7.48% of the stake respectively.
The stock has a current market capitalization of $1.26B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 8.22, while it has posted earnings per share of $1.35 in the same period. Its PEG reads 3.86 and has Quick Ratio of 2.30 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KRO, volatility over the week remained 2.37% while standing at 3.29% over the month.
Analysts are in expectations that Kronos Worldwide Inc. (KRO) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.01 and it is $0.68 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 76.80% while it is estimated to decrease by -58.34% in next year. EPS is likely to shrink at an annualized rate of 2.13% for next 5-years, compared to annual growth of 21.20% made by the stock over the past 5-years.
Analysts at 2 brokerage firms have issued recommendations for the Kronos Worldwide Inc. (KRO)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.30. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on October 13, 2022 offering a Sell rating for the stock and assigned a target price of $9 to it. On March 14, 2017, Barclays Reiterated their recommendations, while on August 28, 2015, Barclays Reiterated their ratings for the stock with a price target of $8. Stock get a Hold rating from Deutsche Bank on August 18, 2015.