Teachers Advisors LLC lifted its position in shares of Cabot Corp (NYSE:CBT) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,929 shares of the specialty chemicals company’s stock after buying an additional 5,271 shares during the quarter. Teachers Advisors LLC owned approximately 0.13% of Cabot worth $5,108,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citizens Financial Group Inc RI bought a new position in shares of Cabot during the 4th quarter worth $142,000. Quadrature Capital Ltd bought a new position in shares of Cabot during the 4th quarter worth $219,000. State of Alaska Department of Revenue bought a new stake in Cabot during the fourth quarter valued at about $221,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cabot by 48.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,663 shares of the specialty chemicals company’s stock valued at $226,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Signition LP bought a new stake in Cabot during the fourth quarter valued at about $229,000. 87.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of CBT stock opened at $54.16 on Tuesday. Cabot Corp has a 1-year low of $50.21 and a 1-year high of $68.63. The stock has a market cap of $3,346.24, a P/E ratio of 15.38, a P/E/G ratio of 1.33 and a beta of 1.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.63.
Cabot (NYSE:CBT) last issued its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.15. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $653.54 million. Cabot had a return on equity of 15.01% and a net margin of 2.30%. The company’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. equities analysts anticipate that Cabot Corp will post 4.06 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Robert W. Baird assumed coverage on Cabot in a research report on Tuesday, February 27th. They set a “neutral” rating and a $72.00 price objective on the stock. Zacks Investment Research raised Cabot from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Wednesday, January 17th. SunTrust Banks raised Cabot to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, January 16th. Loop Capital raised Cabot from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Friday, January 5th. Finally, Northcoast Research set a $75.00 price objective on Cabot and gave the company a “buy” rating in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Cabot currently has a consensus rating of “Buy” and a consensus price target of $72.29.
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Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.
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