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

American Century Companies Inc. raised its stake in Cabot Corporation (NYSE:CBT) by 8.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,805,393 shares of the specialty chemicals company’s stock after purchasing an additional 140,665 shares during the period. American Century Companies Inc. owned 3.39% of Cabot worth $137,300,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CBT. Penserra Capital Management LLC raised its holdings in Cabot by 65.7% during the second quarter. Penserra Capital Management LLC now owns 6,609 shares of the specialty chemicals company’s stock worth $495,000 after purchasing an additional 2,620 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Cabot by 343.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 65,561 shares of the specialty chemicals company’s stock valued at $4,986,000 after buying an additional 50,792 shares during the last quarter. Paradiem LLC raised its position in shares of Cabot by 65.5% during the third quarter. Paradiem LLC now owns 149,097 shares of the specialty chemicals company’s stock valued at $11,339,000 after buying an additional 59,030 shares during the last quarter. Summit Global Investments acquired a new stake in Cabot during the second quarter worth $4,467,000. Finally, LSV Asset Management raised its holdings in shares of Cabot by 6.6% in the 2nd quarter. LSV Asset Management now owns 608,700 shares of the specialty chemicals company’s stock worth $45,652,000 after buying an additional 37,666 shares in the last quarter. 93.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CBT has been the topic of a number of research reports. UBS Group upped their target price on shares of Cabot from $74.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. reduced their price objective on shares of Cabot from $75.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cabot in a research report on Monday, December 29th. Mizuho set a $75.00 price target on Cabot and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $85.00 price target on shares of Cabot in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.75.

Cabot Stock Up 0.3%

Shares of NYSE:CBT opened at $76.03 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.09. Cabot Corporation has a one year low of $58.33 and a one year high of $89.15. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 4.06 and a beta of 0.86. The firm has a fifty day moving average price of $72.08 and a two-hundred day moving average price of $71.55.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Tuesday, February 3rd. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The company had revenue of $849.00 million for the quarter, compared to analysts’ expectations of $889.11 million. Cabot had a return on equity of 22.82% and a net margin of 8.62%.Cabot’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.76 EPS. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. Analysts anticipate that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th. Cabot’s dividend payout ratio (DPR) is presently 31.52%.

About Cabot

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.