Cabot (NYSE:CBT) Hits New 52-Week Low – Should You Sell?

Cabot Co. (NYSE:CBT)’s share price hit a new 52-week low on Thursday . The company traded as low as $78.44 and last traded at $79.22, with a volume of 45524 shares changing hands. The stock had previously closed at $84.35.

Analyst Ratings Changes

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

Cabot Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29. The firm has a market cap of $4.25 billion, a P/E ratio of 10.41, a PEG ratio of 0.74 and a beta of 1.04. The stock’s 50 day moving average is $84.85 and its two-hundred day moving average is $97.45.

Cabot (NYSE:CBT) last issued 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 return on equity of 26.79% and a net margin of 10.60%. As a group, equities analysts predict that Cabot Co. will post 7.57 EPS for the current year.

Cabot Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.19%. Cabot’s payout ratio is presently 22.84%.

Institutional Investors Weigh In On Cabot

Several large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in Cabot in the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its position in Cabot by 37.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company’s stock worth $74,000 after acquiring an additional 219 shares during the last quarter. GAMMA Investing LLC increased its holdings in Cabot by 10.7% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 130 shares in the last quarter. Manchester Capital Management LLC raised its position in Cabot by 1,685.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $153,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Cabot in the third quarter worth $226,000. Institutional investors own 93.18% of the company’s stock.

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.