Cabot Co. (NYSE:CBT – Get Free Report) EVP Jeff Ji Zhu sold 1,201 shares of Cabot stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $106.19, for a total transaction of $127,534.19. Following the completion of the sale, the executive vice president now directly owns 96,000 shares in the company, valued at approximately $10,194,240. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Cabot Price Performance
Cabot stock opened at $105.11 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.24 and a quick ratio of 1.47. Cabot Co. has a one year low of $65.10 and a one year high of $106.92. The firm has a market capitalization of $5.81 billion, a P/E ratio of 13.31, a PEG ratio of 0.96 and a beta of 1.20. The business has a fifty day moving average price of $96.45 and a 200-day moving average price of $94.34.
Cabot (NYSE:CBT – Get Free Report) last issued its earnings results on Monday, August 5th. The specialty chemicals company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.72 by $0.20. Cabot had a return on equity of 26.21% and a net margin of 11.51%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the company earned $1.42 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Cabot Co. will post 6.78 EPS for the current year.
Cabot Announces Dividend
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CBT. Handelsbanken Fonder AB raised its holdings in shares of Cabot by 97.7% in the 4th quarter. Handelsbanken Fonder AB now owns 9,309 shares of the specialty chemicals company’s stock valued at $777,000 after acquiring an additional 4,600 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Cabot by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 96,712 shares of the specialty chemicals company’s stock worth $8,075,000 after purchasing an additional 2,206 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Cabot in the fourth quarter valued at approximately $44,000. Russell Investments Group Ltd. lifted its position in Cabot by 20.4% during the fourth quarter. Russell Investments Group Ltd. now owns 28,319 shares of the specialty chemicals company’s stock valued at $2,365,000 after purchasing an additional 4,801 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its position in Cabot by 81.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 460 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 207 shares during the last quarter. 93.18% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Mizuho boosted their target price on Cabot from $104.00 to $109.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Cabot from $95.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. UBS Group dropped their price objective on shares of Cabot from $103.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Finally, StockNews.com downgraded shares of Cabot from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $101.75.
Check Out Our Latest Analysis on CBT
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.
Further Reading
- Five stocks we like better than Cabot
- What Makes a Stock a Good Dividend Stock?
- The Solar Stock Battle: Is Daqo or JinkoSolar Your Next Big Win?
- Technology Stocks Explained: Here’s What to Know About Tech
- Are These Chinese Stocks a Buy? Michael Burry’s Top Picks Say Yes
- How to Calculate Return on Investment (ROI)
- Five Below Stock Faces Challenges Despite Strong Revenue Growth
Receive News & Ratings for Cabot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot and related companies with MarketBeat.com's FREE daily email newsletter.