Trexquant Investment LP Has $9.99 Million Stake in Cabot Co. (NYSE:CBT)

Trexquant Investment LP boosted its stake in Cabot Co. (NYSE:CBT - Free Report) by 99.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,423 shares of the specialty chemicals company's stock after buying an additional 54,429 shares during the quarter. Trexquant Investment LP owned approximately 0.20% of Cabot worth $9,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Cabot in the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in Cabot by 37.2% in the fourth 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 period. GAMMA Investing LLC raised its holdings in Cabot by 10.7% during the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company's stock worth $123,000 after purchasing an additional 130 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Cabot by 1,685.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company's stock valued at $153,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Cabot during the third quarter worth approximately $226,000. 93.18% of the stock is owned by institutional investors and hedge funds.

Cabot Stock Performance

Shares of CBT stock traded down $1.99 on Monday, hitting $76.29. The company's stock had a trading volume of 275,842 shares, compared to its average volume of 380,914. Cabot Co. has a fifty-two week low of $74.87 and a fifty-two week high of $117.46. The stock's 50 day moving average is $84.85 and its 200-day moving average is $97.31. The company has a market capitalization of $4.14 billion, a PE ratio of 10.12, a PEG ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00.

Cabot (NYSE:CBT - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share for the quarter, beating 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 expect that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, February 28th. Cabot's dividend payout ratio is currently 22.84%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. StockNews.com raised shares of Cabot from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Mizuho dropped their price target on Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cabot currently has an average rating of "Hold" and an average target price 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.