2 weeks Ago By Defense World Staff
Cerity Partners LLC reduced its holdings in shares of Cabot Co. (NYSE:CBT – Free Report) by 20.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC.
The institutional investor owned 3,004 shares of the specialty chemicals company’s stock after selling 757 shares during the quarter. Cerity Partners LLC’s holdings in Cabot were worth $274,000 as of its most recent filing with the SEC. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBT.
American Century Companies Inc. raised its position in Cabot by 8.5% in the 4th quarter.
American Century Companies Inc. now owns 1,323,347 shares of the specialty chemicals company’s stock valued at $120,835,000 after purchasing an additional 103,380 shares during the last quarter. Sei Investments Co.
grew its position in shares of Cabot by 6.0% in the fourth quarter. Sei Investments Co.
now owns 942,273 shares of the specialty chemicals company’s stock valued at $86,039,000 after purchasing an additional 53,090 shares during the last quarter. Copeland Capital Management LLC increased its stake in shares of Cabot by 21.6% during the 4th quarter.
Copeland Capital Management LLC now owns 761,372 shares of the specialty chemicals company’s stock worth $69,521,000 after purchasing an additional 135,119 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cabot by 0.
4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 710,608 shares of the specialty chemicals company’s stock worth $64,886,000 after acquiring an additional 3,175 shares during the last quarter.
Finally, JPMorgan Chase & Co. raised its stake in Cabot by 27.1% in the 4th quarter.
JPMorgan Chase & Co. now owns 451,513 shares of the specialty chemicals company’s stock valued at $41,228,000 after purchasing an additional 96,179 shares during the last quarter. 93.
18% of the stock is owned by institutional investors and hedge funds. Cabot Stock Up 1.5 %Cabot stock opened at $79.
59 on Friday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 10.
57, a P/E/G ratio of 0.74 and a beta of 1.04.
The company has a 50-day simple moving average of $82.11 and a 200-day simple moving average of $94.03.
Cabot Co. has a one year low of $73.63 and a one year high of $117.
46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.
29 and a current ratio of 2.00. Cabot (NYSE:CBT – Get Free Report) last posted its quarterly earnings data on Monday, February 3rd.
The specialty chemicals company reported $1.76 EPS for the quarter, beating 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%. As a group, equities analysts expect that Cabot Co. will post 7.
57 earnings per share for the current year. Analyst Upgrades and DowngradesCBT has been the topic of several recent analyst reports. StockNews.
com raised shares of Cabot from a “hold” rating to a “buy” rating in a research note on Thursday, April 17th. UBS Group lowered their price objective on shares of Cabot from $93.00 to $83.
00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Mizuho reduced 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, JPMorgan Chase & Co. cut their price target 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.Check Out Our Latest Stock Report on CBTAbout Cabot (Free Report)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.Read MoreFive stocks we like better than Cabot5 Top Rated Dividend Stocks to Consider2 Strong Utilities Plays With Booming Earnings and Room to GrowWhy Invest in High-Yield Dividend Stocks?Why Smart Investors Don’t Panic in Election SeasonWhat is a Low P/E Ratio and What Does it Tell Investors?Now Is the Time to Buy ServiceNow—The Rebound Is Real.
