Yousif Capital Management LLC Decreases Stock Position in Cabot Co. (NYSE:CBT)

Yousif Capital Management LLC cut its holdings in Cabot Co. (NYSE:CBT) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,668 shares of the specialty chemicals company’s stock after selling 595 shares during the period. Yousif Capital Management LLC’s holdings in Cabot were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Cabot by 37.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 219 shares during the last quarter. Curat Global LLC purchased a new position in shares of Cabot during the 1st quarter valued at approximately $83,000. Farther Finance Advisors LLC lifted its stake in Cabot by 1,346.4% during the first quarter. Farther Finance Advisors LLC now owns 1,620 shares of the specialty chemicals company’s stock worth $136,000 after purchasing an additional 1,508 shares during the last quarter. GeoWealth Management LLC lifted its stake in Cabot by 4,553.6% in the fourth quarter. GeoWealth Management LLC now owns 2,606 shares of the specialty chemicals company’s stock valued at $238,000 after buying an additional 2,550 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in shares of Cabot during the fourth quarter valued at about $244,000. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CBT shares. UBS Group lowered their target price on Cabot from $93.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Wall Street Zen lowered Cabot from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. dropped their price target on Cabot from $105.00 to $85.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st.

Cabot Stock Performance

Shares of NYSE:CBT opened at $74.48 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 0.74 and a beta of 0.87. The business’s fifty day moving average price is $76.53 and its two-hundred day moving average price is $84.60. Cabot Co. has a fifty-two week low of $71.64 and a fifty-two week high of $117.46.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Monday, May 5th. The specialty chemicals company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.04. Cabot had a return on equity of 26.79% and a net margin of 10.60%. The business had revenue of $936.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, analysts predict that Cabot Co. will post 7.57 EPS for the current fiscal year.

Cabot Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, May 30th. This is a positive change from Cabot’s previous quarterly dividend of $0.43. Cabot’s dividend payout ratio is 23.29%.

About Cabot

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.