Cabot Co. (NYSE:CBT) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Cabot Co. (NYSE:CBT - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,323,347 shares of the specialty chemicals company's stock after purchasing an additional 103,380 shares during the period. American Century Companies Inc. owned about 2.44% of Cabot worth $120,835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Cabot in the fourth quarter worth $26,000. First Horizon Advisors Inc. increased its position in shares of Cabot by 22.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 650 shares of the specialty chemicals company's stock worth $73,000 after purchasing an additional 117 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Cabot by 37.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company's stock worth $74,000 after purchasing an additional 219 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Cabot by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 130 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Cabot by 1,685.1% during the fourth quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company's stock worth $153,000 after purchasing an additional 1,584 shares during the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

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Cabot Stock Performance

NYSE CBT traded up $0.57 during trading hours on Thursday, reaching $84.14. The company's stock had a trading volume of 310,367 shares, compared to its average volume of 351,302. The stock has a market cap of $4.56 billion, a PE ratio of 11.17, a PEG ratio of 0.74 and a beta of 1.21. The business has a 50-day simple moving average of $86.02 and a 200 day simple moving average of $98.41. Cabot Co. has a 52 week low of $79.57 and a 52 week high of $117.46. The company has a current ratio of 2.00, a quick ratio of 1.29 and a debt-to-equity ratio of 0.72.

Cabot (NYSE:CBT - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. Equities research analysts predict that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot declared that its board has approved a stock repurchase program on Tuesday, December 3rd that permits the company to repurchase 10,000,000 shares. This repurchase authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Cabot Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.04%. Cabot's dividend payout ratio (DPR) is presently 22.84%.

Analysts Set New Price Targets

CBT has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Cabot from $105.00 to $85.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Mizuho lowered 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, StockNews.com lowered Cabot from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Cabot currently has an average rating of "Hold" and an average price target of $97.00.

Cabot Profile

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.