3 days Ago By ABMN Staff
California Public Employees Retirement System lessened its stake in shares of Cabot Co. ( NYSE:CBT – Free Report ) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 101,086 shares of the specialty chemicals company’s stock after selling 1,877 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Cabot worth $9,230,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in CBT. Cerity Partners LLC boosted its position in Cabot by 32.2% during the third quarter.
Cerity Partners LLC now owns 3,761 shares of the specialty chemicals company’s stock valued at $420,000 after purchasing an additional 915 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Cabot by 8.4% in the 3rd quarter.
Captrust Financial Advisors now owns 9,090 shares of the specialty chemicals company’s stock valued at $1,016,000 after buying an additional 704 shares in the last quarter. Verition Fund Management LLC grew its position in shares of Cabot by 47.1% in the 3rd quarter.
Verition Fund Management LLC now owns 6,911 shares of the specialty chemicals company’s stock worth $772,000 after buying an additional 2,212 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Cabot by 107.2% during the 3rd quarter.
HighTower Advisors LLC now owns 21,040 shares of the specialty chemicals company’s stock worth $2,346,000 after acquiring an additional 10,888 shares in the last quarter. Finally, Point72 Asset Management L.P.
purchased a new stake in Cabot during the third quarter valued at approximately $748,000. 93.18% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In CBT has been the topic of a number of recent analyst reports. Mizuho reduced their price target on Cabot from $122.00 to $110.
00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com raised Cabot from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st.
Finally, JPMorgan Chase & Co. cut their price objective on shares of Cabot from $105.00 to $85.
00 and set an “underweight” rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $97.
00. Cabot Stock Down 1.8 % Cabot stock opened at $78.
39 on Monday. The business’s 50-day simple moving average is $84.85 and its two-hundred day simple moving average is $97.
31. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.
29 and a current ratio of 2.00. The company has a market cap of $4.
25 billion, a PE ratio of 10.41, a PEG ratio of 0.74 and a beta of 1.
04. Cabot Co. has a fifty-two week low of $75.
51 and a fifty-two week high of $117.46. Cabot ( NYSE:CBT – Get Free Report ) last issued its quarterly earnings results on Monday, February 3rd.
The specialty chemicals company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.
02. Cabot had a net margin of 10.60% and a return on equity of 26.
79%. Equities analysts anticipate that Cabot Co. will post 7.
57 EPS for the current year. Cabot Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.
43 dividend. This represents a $1.72 annualized dividend and a yield of 2.
19%. The ex-dividend date was Friday, February 28th. Cabot’s payout ratio is 22.
84%. Cabot Profile ( Free Report ) Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals.
It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions. Read More Want to see what other hedge funds are holding CBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Co.
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