3,000 Shares in Cabot Co. (NYSE:CBT) Acquired by Delta Financial Group Inc.

Delta Financial Group Inc. bought a new position in shares of Cabot Co. (NYSE:CBT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,000 shares of the specialty chemicals company's stock, valued at approximately $274,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Cabot in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its holdings in Cabot by 197.9% in the third quarter. Farther Finance Advisors LLC now owns 417 shares of the specialty chemicals company's stock worth $47,000 after purchasing an additional 277 shares during the period. CWM LLC raised its holdings in Cabot by 35.6% in the third quarter. CWM LLC now owns 564 shares of the specialty chemicals company's stock worth $63,000 after purchasing an additional 148 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Cabot by 22.0% during the third 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 in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Cabot by 35.6% in the 3rd quarter. Covestor Ltd now owns 831 shares of the specialty chemicals company's stock valued at $93,000 after buying an additional 218 shares during the period. Institutional investors own 93.18% of the company's stock.

Cabot Stock Down 1.4 %

CBT stock traded down $1.22 during trading hours on Thursday, reaching $85.41. 525,567 shares of the stock were exchanged, compared to its average volume of 414,636. The firm's 50-day moving average is $88.70 and its 200-day moving average is $100.82. Cabot Co. has a 12 month low of $82.31 and a 12 month high of $117.46. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 0.74 and a beta of 1.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29.

Cabot (NYSE:CBT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 26.79% and a net margin of 10.60%. On average, equities research analysts expect that Cabot Co. will post 7.57 earnings per share for the current year.

Cabot announced that its Board of Directors has approved a stock repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Cabot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th. Cabot's dividend payout ratio is presently 22.84%.

Analyst Ratings Changes

Several brokerages recently commented on CBT. StockNews.com raised Cabot from a "hold" rating to a "buy" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. dropped 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. Finally, Mizuho decreased their price objective on Cabot from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. One equities 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's stock. According to MarketBeat, the company 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.