5,526 Shares in Cabot Co. (NYSE:CBT) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new stake in shares of Cabot Co. (NYSE:CBTFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,526 shares of the specialty chemicals company’s stock, valued at approximately $461,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBT. Arlington Trust Co LLC bought a new stake in shares of Cabot in the fourth quarter worth $34,000. Parkside Financial Bank & Trust increased its position in shares of Cabot by 176.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 264 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Cabot in the 3rd quarter valued at about $79,000. Ronald Blue Trust Inc. lifted its position in shares of Cabot by 460.7% during the third quarter. Ronald Blue Trust Inc. now owns 1,895 shares of the specialty chemicals company’s stock worth $127,000 after purchasing an additional 1,557 shares during the last quarter. Finally, State of Wyoming grew its stake in Cabot by 91.2% in the second quarter. State of Wyoming now owns 2,199 shares of the specialty chemicals company’s stock worth $147,000 after purchasing an additional 1,049 shares in the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CBT shares. UBS Group downgraded Cabot from a “buy” rating to a “neutral” rating and lowered their price target for the company from $90.00 to $87.00 in a report on Monday, January 8th. Mizuho initiated coverage on shares of Cabot in a research note on Wednesday, March 27th. They set a “buy” rating and a $104.00 target price for the company. Finally, StockNews.com downgraded shares of Cabot from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Get Our Latest Stock Report on Cabot

Cabot Price Performance

Shares of CBT opened at $91.93 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 1.30. The company has a market cap of $5.10 billion, a P/E ratio of 11.94, a PEG ratio of 0.99 and a beta of 1.28. Cabot Co. has a 12 month low of $63.73 and a 12 month high of $98.34. The stock has a fifty day moving average price of $87.85 and a 200 day moving average price of $79.41.

Cabot (NYSE:CBTGet Free Report) last released its quarterly earnings data on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $958.00 million for the quarter, compared to analysts’ expectations of $927.28 million. Cabot had a net margin of 11.24% and a return on equity of 25.52%. On average, research analysts forecast that Cabot Co. will post 6.58 earnings per share for the current year.

Insider Activity

In related news, EVP Jeff Ji Zhu sold 55,233 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $79.91, for a total value of $4,413,669.03. Following the completion of the transaction, the executive vice president now directly owns 97,201 shares of the company’s stock, valued at approximately $7,767,331.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.07% of the company’s stock.

About Cabot

(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

Institutional Ownership by Quarter for Cabot (NYSE:CBT)

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