Sanctuary Advisors LLC Has $830,000 Stake in Cabot Co. (NYSE:CBT)

Sanctuary Advisors LLC reduced its stake in Cabot Co. (NYSE:CBT - Free Report) by 56.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,516 shares of the specialty chemicals company's stock after selling 12,301 shares during the quarter. Sanctuary Advisors LLC's holdings in Cabot were worth $830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Cabot in the fourth quarter valued at $26,000. Farther Finance Advisors LLC grew its holdings in shares of Cabot by 197.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 417 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 277 shares in the last quarter. First Horizon Advisors Inc. increased its position in shares of Cabot by 22.0% in the third quarter. First Horizon Advisors Inc. now owns 650 shares of the specialty chemicals company's stock valued at $73,000 after acquiring an additional 117 shares during the last quarter. Covestor Ltd raised its holdings in Cabot by 35.6% during the third quarter. Covestor Ltd now owns 831 shares of the specialty chemicals company's stock worth $93,000 after acquiring an additional 218 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Cabot by 10.7% during the fourth 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 during the last quarter. 93.18% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Mizuho dropped their price objective on Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. StockNews.com raised shares of Cabot from a "hold" rating to a "buy" rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. decreased 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $97.00.

Cabot Stock Performance

CBT traded down $4.24 during trading hours on Monday, reaching $81.76. The company's stock had a trading volume of 228,102 shares, compared to its average volume of 413,970. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00. The company's 50-day moving average is $88.42 and its 200-day moving average is $100.72. Cabot Co. has a 52 week low of $81.56 and a 52 week high of $117.46. The firm has a market cap of $4.43 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.74 and a beta of 1.19.

Cabot (NYSE:CBT - Get Free Report) last posted 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%. On average, equities analysts forecast that Cabot Co. will post 7.57 EPS for the current year.

Cabot declared that its Board of Directors has initiated a share buyback program on Tuesday, December 3rd that allows the company to buyback 10,000,000 outstanding shares. This buyback authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Cabot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, February 28th. Cabot's dividend payout ratio is currently 22.84%.

Cabot Company 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.