1 week Ago By ABMN Staff
Pictet Asset Management Holding SA raised its position in Cabot Co. ( NYSE:CBT – Free Report ) by 14.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 7,933 shares of the specialty chemicals company’s stock after acquiring an additional 1,016 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cabot were worth $724,000 at the end of the most recent quarter. Several other hedge funds and other institutional investors have also recently modified their holdings of CBT.
New Age Alpha Advisors LLC bought a new stake in shares of Cabot in the fourth quarter worth about $247,000. Norges Bank purchased a new stake in Cabot in the 4th quarter worth approximately $37,961,000. JPMorgan Chase & Co.
grew its position in shares of Cabot by 27.1% in the 4th quarter. JPMorgan Chase & Co.
now owns 451,513 shares of the specialty chemicals company’s stock worth $41,228,000 after buying an additional 96,179 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Cabot during the fourth quarter valued at approximately $247,000. Finally, LPL Financial LLC raised its holdings in shares of Cabot by 241.
6% during the fourth quarter. LPL Financial LLC now owns 31,071 shares of the specialty chemicals company’s stock valued at $2,837,000 after acquiring an additional 21,974 shares in the last quarter. 93.
18% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Several research firms recently weighed in on CBT. Mizuho cut their price target on shares of Cabot from $122.
00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. JPMorgan Chase & Co.
cut their target price on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st.
UBS Group decreased their price target on shares of Cabot from $93.00 to $83.00 and set a “neutral” rating for the company in a research note on Monday.
Finally, StockNews.com raised Cabot from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock.
According to MarketBeat.com, Cabot presently has an average rating of “Hold” and an average target price of $93.25.
Cabot Trading Down 2.4 % NYSE:CBT opened at $76.42 on Tuesday.
The firm has a market capitalization of $4.14 billion, a P/E ratio of 10.15, a PEG ratio of 0.
74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.
72, a current ratio of 2.00 and a quick ratio of 1.29.
Cabot Co. has a one year low of $74.28 and a one year high of $117.
46. The company’s 50-day simple moving average is $84.62 and its 200 day simple moving average is $97.
06. Cabot ( NYSE:CBT – Get Free Report ) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.
76 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02.
Cabot had a return on equity of 26.79% and a net margin of 10.60%.
As a group, analysts forecast that Cabot Co. will post 7.57 EPS for the current fiscal year.
Cabot Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.43 dividend.
This represents a $1.72 annualized dividend and a dividend yield of 2.25%.
The ex-dividend date of this dividend was Friday, February 28th. Cabot’s dividend payout ratio is presently 22.84%.
Cabot Company 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.
Further Reading 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. ( NYSE:CBT – Free Report ).
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