Cabot Co. (NYSE:CBT) Receives Average Recommendation of “Hold” from Brokerages

Cabot Co. (NYSE:CBTGet Free Report) has earned an average rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $93.67.

CBT has been the subject of several research analyst reports. Mizuho lifted their target price on Cabot from $104.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft lowered shares of Cabot from a “buy” rating to a “hold” rating and boosted their target price for the company from $88.00 to $95.00 in a research note on Thursday, April 18th. UBS Group boosted their target price on shares of Cabot from $100.00 to $103.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, StockNews.com raised shares of Cabot from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th.

Read Our Latest Report on CBT

Insider Activity at Cabot

In related news, SVP Karen A. Kalita sold 13,764 shares of Cabot stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $101.73, for a total value of $1,400,211.72. Following the completion of the sale, the senior vice president now directly owns 34,312 shares in the company, valued at $3,490,559.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cabot

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Cabot by 143.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 333 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 196 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Cabot during the fourth quarter valued at about $34,000. Hexagon Capital Partners LLC increased its holdings in shares of Cabot by 81.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 460 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 207 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in shares of Cabot by 372.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 505 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 398 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Cabot during the fourth quarter valued at about $44,000. 93.18% of the stock is currently owned by institutional investors.

Cabot Stock Down 0.2 %

NYSE CBT opened at $98.26 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.47 and a current ratio of 2.24. The company has a market capitalization of $5.43 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.98 and a beta of 1.26. Cabot has a one year low of $63.73 and a one year high of $103.49. The stock has a 50 day moving average price of $96.84 and a 200-day moving average price of $86.38.

Cabot (NYSE:CBTGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The specialty chemicals company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.04 billion. Cabot had a return on equity of 26.21% and a net margin of 11.51%. Cabot’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. As a group, equities analysts predict that Cabot will post 6.78 EPS for the current fiscal year.

Cabot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.43 dividend. This is an increase from Cabot’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Friday, May 31st. Cabot’s payout ratio is presently 21.77%.

About Cabot

(Get 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

Analyst Recommendations for Cabot (NYSE:CBT)

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