Heritage Financial Services LLC Acquires Shares of 2,707 Cabot Co. (NYSE:CBT)

Heritage Financial Services LLC acquired a new stake in Cabot Co. (NYSE:CBT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,707 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Other institutional investors have also recently bought and sold shares of the company. Arlington Trust Co LLC bought a new stake in Cabot in the 4th quarter valued at about $34,000. Parkside Financial Bank & Trust boosted its holdings in Cabot by 176.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC bought a new stake in Cabot in the 4th quarter valued at about $44,000. Milestone Investment Advisors LLC bought a new stake in Cabot in the 3rd quarter valued at about $79,000. Finally, Ronald Blue Trust Inc. lifted its holdings in shares of Cabot by 460.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,895 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 1,557 shares during the period. Institutional investors own 93.18% of the company’s stock.

Cabot Price Performance

CBT stock traded down $2.13 during trading on Friday, reaching $93.27. 200,752 shares of the company were exchanged, compared to its average volume of 303,728. The company has a 50-day moving average of $86.81 and a two-hundred day moving average of $78.99. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.99 and a beta of 1.28. Cabot Co. has a twelve month low of $63.73 and a twelve month high of $98.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 1.30.

Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.07. The business had revenue of $958.00 million during the quarter, compared to analysts’ expectations of $927.28 million. Cabot had a net margin of 11.24% and a return on equity of 25.52%. As a group, equities analysts predict that Cabot Co. will post 6.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $79.91, for a total value of $4,413,669.03. Following the completion of the transaction, the executive vice president now directly owns 97,201 shares in the company, valued at approximately $7,767,331.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 3.07% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CBT has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Cabot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. UBS Group downgraded shares of Cabot from a “buy” rating to a “neutral” rating and cut their price target for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Finally, Mizuho initiated coverage on shares of Cabot in a report on Wednesday, March 27th. They set a “buy” rating and a $104.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.67.

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.