American Century Companies Inc. Increases Position in Cabot Corporation $CBT

American Century Companies Inc. boosted its holdings in Cabot Corporation (NYSE:CBT) by 11.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,664,728 shares of the specialty chemicals company’s stock after purchasing an additional 166,460 shares during the period. American Century Companies Inc. owned about 3.13% of Cabot worth $124,855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBT. Penserra Capital Management LLC boosted its stake in shares of Cabot by 65.7% during the 2nd quarter. Penserra Capital Management LLC now owns 6,609 shares of the specialty chemicals company’s stock valued at $495,000 after buying an additional 2,620 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Cabot by 12.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,909 shares of the specialty chemicals company’s stock worth $143,000 after purchasing an additional 209 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in shares of Cabot by 144.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 14,352 shares of the specialty chemicals company’s stock worth $1,076,000 after purchasing an additional 8,479 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Cabot in the 2nd quarter valued at about $312,000. Finally, PNC Financial Services Group Inc. grew its stake in Cabot by 12.8% in the first quarter. PNC Financial Services Group Inc. now owns 4,356 shares of the specialty chemicals company’s stock worth $362,000 after purchasing an additional 494 shares in the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBT. UBS Group cut their price objective on Cabot from $82.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Zacks Research lowered Cabot from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a report on Wednesday, October 8th. Finally, Mizuho lowered their target price on shares of Cabot from $78.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $74.00.

Cabot Trading Up 0.2%

Shares of NYSE:CBT opened at $61.84 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average price is $69.14 and its 200 day moving average price is $74.25. The company has a market cap of $3.29 billion, a PE ratio of 8.08 and a beta of 0.90. Cabot Corporation has a fifty-two week low of $58.33 and a fifty-two week high of $115.16.

Cabot (NYSE:CBT) last announced its quarterly earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.02). The firm had revenue of $899.00 million during the quarter, compared to analyst estimates of $967.02 million. Cabot had a net margin of 11.14% and a return on equity of 25.68%. Cabot’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. Sell-side analysts anticipate that Cabot Corporation will post 7.57 earnings per share for the current year.

Cabot Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 28th. Cabot’s payout ratio is 29.95%.

Cabot Company Profile

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.