Cabot Corporation $CBT Shares Acquired by LSV Asset Management

LSV Asset Management lifted its stake in Cabot Corporation (NYSE:CBT) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 608,700 shares of the specialty chemicals company’s stock after buying an additional 37,666 shares during the period. LSV Asset Management’s holdings in Cabot were worth $45,652,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Cabot by 16.4% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 82,861 shares of the specialty chemicals company’s stock valued at $6,215,000 after acquiring an additional 11,655 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Cabot by 12.2% during the second quarter. Cetera Investment Advisers now owns 21,663 shares of the specialty chemicals company’s stock worth $1,625,000 after purchasing an additional 2,353 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Cabot by 98.3% in the 2nd quarter. SG Americas Securities LLC now owns 26,273 shares of the specialty chemicals company’s stock valued at $1,970,000 after purchasing an additional 13,023 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Cabot by 6.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,803 shares of the specialty chemicals company’s stock valued at $1,035,000 after purchasing an additional 842 shares during the period. Finally, Fiera Capital Corp grew its stake in Cabot by 1.3% during the 2nd quarter. Fiera Capital Corp now owns 167,950 shares of the specialty chemicals company’s stock worth $12,596,000 after buying an additional 2,112 shares during the last quarter. 93.18% of the stock is owned by hedge funds and other institutional investors.

Cabot Trading Up 1.5%

NYSE:CBT opened at $60.37 on Wednesday. Cabot Corporation has a 12-month low of $58.99 and a 12-month high of $115.16. The company has a current ratio of 2.13, a quick ratio of 1.41 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $70.67 and its 200-day simple moving average is $74.64. The firm has a market cap of $3.21 billion, a P/E ratio of 7.89 and a beta of 0.90.

Cabot (NYSE:CBT) last posted 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). The firm had revenue of $899.00 million during the quarter, compared to analysts’ expectations of $967.02 million. Cabot had a net margin of 11.14% and a return on equity of 25.68%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business earned $1.80 earnings per share. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. Equities analysts anticipate that Cabot Corporation will post 7.57 EPS for the current year.

Cabot Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho reduced their price objective on Cabot from $78.00 to $72.00 and set an “outperform” rating for the company in a research note on Monday. Zacks Research cut shares of Cabot from a “hold” rating to a “strong sell” rating in a 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 for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price 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.