Cabot Co. (NYSE:CBT) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Cabot Co. (NYSE:CBTFree Report) by 541.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,090 shares of the specialty chemicals company’s stock after purchasing an additional 69,298 shares during the period. Victory Capital Management Inc. owned 0.15% of Cabot worth $5,686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBT. Fifth Third Bancorp raised its stake in shares of Cabot by 6.6% in the 2nd quarter. Fifth Third Bancorp now owns 23,067 shares of the specialty chemicals company’s stock valued at $1,543,000 after acquiring an additional 1,437 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cabot by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,476 shares of the specialty chemicals company’s stock valued at $795,000 after acquiring an additional 1,819 shares in the last quarter. Moran Wealth Management LLC raised its stake in shares of Cabot by 2.1% in the 2nd quarter. Moran Wealth Management LLC now owns 38,882 shares of the specialty chemicals company’s stock valued at $2,601,000 after acquiring an additional 813 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Cabot by 0.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 645,022 shares of the specialty chemicals company’s stock valued at $43,146,000 after acquiring an additional 3,271 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Cabot in the 2nd quarter valued at approximately $678,000. 91.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com raised Cabot from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group downgraded Cabot from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cabot has a consensus rating of “Moderate Buy” and a consensus target price of $84.40.

Get Our Latest Stock Report on Cabot

Cabot Stock Performance

Shares of NYSE CBT opened at $77.57 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The business’s 50 day moving average is $78.11 and its two-hundred day moving average is $73.15. The company has a market cap of $4.30 billion, a P/E ratio of 10.07, a P/E/G ratio of 2.20 and a beta of 1.24. Cabot Co. has a 12 month low of $63.73 and a 12 month high of $86.67.

Cabot (NYSE:CBTGet Free Report) last announced its quarterly earnings data on Monday, November 6th. The specialty chemicals company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. Cabot had a return on equity of 26.37% and a net margin of 11.24%. The company had revenue of $965.00 million for the quarter, compared to analyst estimates of $991.48 million. During the same quarter last year, the firm earned $1.55 EPS. Cabot’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities analysts expect that Cabot Co. will post 6.58 EPS for the current year.

Cabot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, February 22nd. Cabot’s payout ratio is presently 20.78%.

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.

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Institutional Ownership by Quarter for Cabot (NYSE:CBT)

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