Cabot Co. (NYSE:CBT) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP increased its position in shares of Cabot Co. (NYSE:CBT) by 99.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,423 shares of the specialty chemicals company’s stock after purchasing an additional 54,429 shares during the period. Trexquant Investment LP owned 0.20% of Cabot worth $9,991,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC increased its holdings in shares of Cabot by 32.2% during the 3rd quarter. Cerity Partners LLC now owns 3,761 shares of the specialty chemicals company’s stock worth $420,000 after buying an additional 915 shares during the last quarter. Captrust Financial Advisors increased its stake in Cabot by 8.4% during the third quarter. Captrust Financial Advisors now owns 9,090 shares of the specialty chemicals company’s stock worth $1,016,000 after acquiring an additional 704 shares during the last quarter. Verition Fund Management LLC raised its position in Cabot by 47.1% in the third quarter. Verition Fund Management LLC now owns 6,911 shares of the specialty chemicals company’s stock valued at $772,000 after purchasing an additional 2,212 shares during the period. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Cabot in the 3rd quarter valued at $226,000. Finally, HighTower Advisors LLC grew its holdings in shares of Cabot by 107.2% during the 3rd quarter. HighTower Advisors LLC now owns 21,040 shares of the specialty chemicals company’s stock worth $2,346,000 after purchasing an additional 10,888 shares during the period. 93.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on CBT shares. Mizuho reduced their price objective on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of Cabot from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $97.00.

Cabot Stock Up 0.5 %

Shares of NYSE:CBT opened at $84.40 on Thursday. The firm’s 50-day moving average is $85.23 and its two-hundred day moving average is $97.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29. Cabot Co. has a 1 year low of $79.57 and a 1 year high of $117.46. The firm has a market capitalization of $4.58 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21.

Cabot (NYSE:CBT) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Cabot had a net margin of 10.60% and a return on equity of 26.79%. Analysts predict that Cabot Co. will post 7.57 EPS for the current year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 2.04%. Cabot’s dividend payout ratio (DPR) is 22.84%.

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.