SG Americas Securities LLC Raises Position in Cabot Corporation $CBT

SG Americas Securities LLC grew its stake in Cabot Corporation (NYSE:CBT) by 98.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,273 shares of the specialty chemicals company’s stock after purchasing an additional 13,023 shares during the period. SG Americas Securities LLC’s holdings in Cabot were worth $1,970,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CBT. American Century Companies Inc. lifted its position in Cabot by 13.2% in the first quarter. American Century Companies Inc. now owns 1,498,268 shares of the specialty chemicals company’s stock worth $124,566,000 after buying an additional 174,921 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cabot by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,426,693 shares of the specialty chemicals company’s stock valued at $118,606,000 after acquiring an additional 108,397 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Cabot by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 1,421,934 shares of the specialty chemicals company’s stock worth $106,656,000 after acquiring an additional 25,717 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Cabot by 1.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,886 shares of the specialty chemicals company’s stock worth $99,010,000 after purchasing an additional 19,333 shares during the period. Finally, LSV Asset Management grew its holdings in Cabot by 318.0% during the 1st quarter. LSV Asset Management now owns 571,034 shares of the specialty chemicals company’s stock valued at $47,476,000 after purchasing an additional 434,434 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.

Cabot Stock Performance

Cabot stock opened at $59.74 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.41 and a current ratio of 2.13. The company has a market capitalization of $3.18 billion, a PE ratio of 7.81 and a beta of 0.90. The company has a 50 day moving average price of $70.28 and a 200-day moving average price of $74.54. Cabot Corporation has a fifty-two week low of $58.99 and a fifty-two week high of $115.16.

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

Cabot Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, November 28th. Cabot’s payout ratio is presently 29.95%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CBT shares. Zacks Research downgraded shares of Cabot from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. UBS Group reduced their price target on Cabot from $82.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a report on Wednesday, October 8th. Finally, Mizuho reduced their target price on Cabot from $78.00 to $72.00 and set an “outperform” rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cabot has a consensus rating of “Reduce” and a consensus price target of $74.00.

Cabot 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.