Mitsubishi UFJ Asset Management Co. Ltd. Decreases Stock Holdings in Cabot Corporation $CBT

Mitsubishi UFJ Asset Management Co. Ltd. trimmed its position in shares of Cabot Corporation (NYSE:CBT) by 13.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,003 shares of the specialty chemicals company’s stock after selling 2,120 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cabot were worth $1,050,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBT. Nisa Investment Advisors LLC raised its position in Cabot by 26.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 2,317 shares of the specialty chemicals company’s stock valued at $193,000 after purchasing an additional 489 shares during the last quarter. CWM LLC increased its stake in shares of Cabot by 55.0% during the first quarter. CWM LLC now owns 600 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 213 shares during the period. Victory Capital Management Inc. increased its stake in shares of Cabot by 11.1% during the first quarter. Victory Capital Management Inc. now owns 27,512 shares of the specialty chemicals company’s stock valued at $2,287,000 after buying an additional 2,753 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of Cabot during the first quarter valued at approximately $2,544,000. Finally, Gallacher Capital Management LLC purchased a new stake in Cabot in the first quarter worth $646,000. 93.18% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CBT. Zacks Research downgraded shares of Cabot from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. UBS Group reduced their price target on shares of Cabot from $82.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Mizuho lowered their price objective on shares of Cabot from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $79.33.

Cabot Stock Down 1.1%

Shares of Cabot stock opened at $61.54 on Friday. Cabot Corporation has a 1 year low of $58.99 and a 1 year high of $115.16. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 8.04 and a beta of 0.90. The company has a 50-day moving average of $71.50 and a 200 day moving average of $74.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.13 and a quick ratio of 1.41.

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

Cabot Announces Dividend

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

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.