Janney Montgomery Scott LLC lowered its stake in shares of Cabot Co. (NYSE:CBT – Free Report) by 1.9% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Change Fee. The agency owned 11,520 shares of the specialty chemical substances firm’s inventory after promoting 227 shares throughout the quarter. Janney Montgomery Scott LLC’s holdings in Cabot have been value $1,288,000 on the finish of the newest reporting interval.
A variety of different institutional buyers have additionally not too long ago purchased and offered shares of CBT. Assenagon Asset Administration S.A. elevated its stake in Cabot by 571.9% throughout the 2nd quarter. Assenagon Asset Administration S.A. now owns 127,116 shares of the specialty chemical substances firm’s inventory value $11,681,000 after buying an extra 108,197 shares within the final quarter. Tidal Investments LLC elevated its place in shares of Cabot by 101.7% throughout the first quarter. Tidal Investments LLC now owns 18,107 shares of the specialty chemical substances firm’s inventory value $1,669,000 after buying an extra 9,131 shares within the final quarter. Atria Investments Inc acquired a brand new stake in shares of Cabot throughout the first quarter value $1,592,000. Oppenheimer Asset Administration Inc. lifted its place in Cabot by 24.0% within the 2nd quarter. Oppenheimer Asset Administration Inc. now owns 42,240 shares of the specialty chemical substances firm’s inventory valued at $3,881,000 after buying an extra 8,175 shares within the final quarter. Lastly, Earnest Companions LLC boosted its stake in Cabot by 2.4% within the 2nd quarter. Earnest Companions LLC now owns 3,363,398 shares of the specialty chemical substances firm’s inventory value $309,063,000 after buying an extra 80,096 shares throughout the interval. Institutional buyers and hedge funds personal 93.18% of the corporate’s inventory.
Insider Shopping for and Promoting at Cabot
In associated information, EVP Jeff Ji Zhu offered 1,201 shares of the enterprise’s inventory in a transaction on Monday, August twenty sixth. The inventory was offered at a mean value of $106.19, for a complete worth of $127,534.19. Following the completion of the sale, the manager vice chairman now immediately owns 96,000 shares within the firm, valued at $10,194,240. The commerce was a 1.24 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which is out there by means of the SEC web site. Additionally, EVP Hobart Kalkstein offered 5,457 shares of Cabot inventory in a transaction on Tuesday, August twentieth. The inventory was offered at a mean value of $100.58, for a complete worth of $548,865.06. Following the sale, the manager vice chairman now immediately owns 61,688 shares of the corporate’s inventory, valued at $6,204,579.04. This represents a 8.13 % lower of their place. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 98,855 shares of firm inventory value $10,737,833 during the last ninety days. Insiders personal 3.07% of the corporate’s inventory.
Analyst Scores Modifications
A number of analysts have issued experiences on the corporate. JPMorgan Chase & Co. downgraded Cabot from a “impartial” ranking to an “underweight” ranking and set a $105.00 value goal on the inventory. in a analysis notice on Monday. Mizuho lifted their goal value on Cabot from $103.00 to $122.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, November fifth. Lastly, UBS Group lowered their value goal on Cabot from $103.00 to $98.00 and set a “impartial” ranking for the corporate in a analysis report on Tuesday, August sixth. One analysis analyst has rated the inventory with a promote ranking, two have given a maintain ranking and two have assigned a purchase ranking to the corporate’s inventory. In line with information from MarketBeat, Cabot has a mean ranking of “Maintain” and a mean goal value of $105.00.
Examine Out Our Newest Inventory Report on Cabot
Cabot Value Efficiency
Shares of CBT opened at $109.20 on Friday. The corporate has a market cap of $5.99 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.96 and a beta of 1.20. The corporate has a present ratio of two.08, a fast ratio of 1.36 and a debt-to-equity ratio of 0.68. The corporate’s fifty day easy shifting common is $109.97 and its 200 day easy shifting common is $102.03. Cabot Co. has a 1-year low of $70.63 and a 1-year excessive of $117.46.
Cabot (NYSE:CBT – Get Free Report) final posted its quarterly earnings outcomes on Monday, November 4th. The specialty chemical substances firm reported $1.80 EPS for the quarter, lacking analysts’ consensus estimates of $1.81 by ($0.01). Cabot had a return on fairness of 26.60% and a internet margin of 9.51%. The enterprise had income of $1 billion for the quarter, in comparison with the consensus estimate of $1.01 billion. Throughout the identical quarter within the earlier 12 months, the enterprise posted $1.65 EPS. The corporate’s income for the quarter was up 3.7% on a year-over-year foundation. On common, analysis analysts forecast that Cabot Co. will publish 7.7 earnings per share for the present fiscal 12 months.
Cabot Dividend Announcement
The enterprise additionally not too long ago disclosed a quarterly dividend, which shall be paid on Friday, December thirteenth. Shareholders of file on Friday, November twenty ninth shall be given a dividend of $0.43 per share. The ex-dividend date is Friday, November twenty ninth. This represents a $1.72 dividend on an annualized foundation and a yield of 1.58%. Cabot’s dividend payout ratio (DPR) is 25.52%.
Cabot Firm Profile
(Free Report)
Cabot Company operates as a specialty chemical substances and efficiency supplies firm. The corporate operates by means of two segments, Reinforcement Supplies and Efficiency Chemical compounds. It provides reinforcing carbons which are utilized in tires as a rubber reinforcing agent and efficiency additive, in addition to in industrial merchandise, akin to hoses, belts, extruded profiles, and molded items; and engineered elastomer composites options.
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