Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of Cabot Corporation (NYSE:CBT – Free Report) by 12.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,938 shares of the specialty chemicals company’s stock after buying an additional 10,077 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Cabot worth $7,068,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in shares of Cabot by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 10,551 shares of the specialty chemicals company’s stock worth $791,000 after acquiring an additional 181 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Cabot by 95.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 189 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cabot by 12.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,909 shares of the specialty chemicals company’s stock worth $143,000 after buying an additional 209 shares during the period. M&T Bank Corp lifted its stake in Cabot by 1.7% during the second quarter. M&T Bank Corp now owns 16,764 shares of the specialty chemicals company’s stock valued at $1,257,000 after buying an additional 276 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Cabot by 3.5% in the second quarter. Teacher Retirement System of Texas now owns 8,238 shares of the specialty chemicals company’s stock worth $618,000 after buying an additional 282 shares during the period. Institutional investors own 93.18% of the company’s stock.
Cabot Stock Up 0.0%
Shares of Cabot stock opened at $72.99 on Monday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 3.82 and a beta of 0.89. The stock has a 50-day simple moving average of $66.96 and a 200-day simple moving average of $71.86. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $89.79. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.61 and a quick ratio of 1.08.
Cabot Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, November 28th. Cabot’s dividend payout ratio is presently 29.95%.
Analysts Set New Price Targets
CBT has been the subject of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $81.00 price target on shares of Cabot in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cabot in a research report on Monday, December 29th. Zacks Research lowered Cabot from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. decreased their price objective on Cabot from $75.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, November 28th. Finally, Mizuho upped their target price on Cabot from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.25.
View Our Latest Stock Report on CBT
Cabot Profile
Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.
The company operates two primary segments: Reinforcement Materials and Performance Materials.
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