Cabot Co. (NYSE:CBT) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its stake in Cabot Co. (NYSE:CBT - Free Report) by 149.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,651 shares of the specialty chemicals company's stock after acquiring an additional 25,572 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.08% of Cabot worth $3,894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Cabot by 103.9% in the 3rd quarter. Barclays PLC now owns 113,614 shares of the specialty chemicals company's stock valued at $12,699,000 after purchasing an additional 57,907 shares in the last quarter. Franklin Resources Inc. purchased a new position in Cabot in the third quarter valued at $654,000. Delta Financial Group Inc. acquired a new stake in Cabot in the fourth quarter valued at $274,000. Empowered Funds LLC purchased a new stake in Cabot during the 4th quarter worth about $1,269,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Cabot by 20.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 40,394 shares of the specialty chemicals company's stock worth $3,688,000 after buying an additional 6,950 shares during the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Cabot Stock Performance

NYSE:CBT traded down $1.45 during mid-day trading on Friday, reaching $78.39. 702,871 shares of the stock were exchanged, compared to its average volume of 381,238. The stock has a market capitalization of $4.25 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.74 and a beta of 1.04. Cabot Co. has a 1 year low of $75.51 and a 1 year high of $117.46. The company has a 50 day simple moving average of $84.85 and a 200-day simple moving average of $97.31. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

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

Cabot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.19%. Cabot's payout ratio is 22.84%.

Wall Street Analyst Weigh In

CBT has been the topic of several research analyst reports. StockNews.com raised Cabot from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Mizuho dropped their price target on shares of Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cabot has an average rating of "Hold" and a consensus price target of $97.00.

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.