LSV Asset Management Acquires 39,400 Shares of Cabot Co. (NYSE:CBT)

LSV Asset Management grew its holdings in Cabot Co. (NYSE:CBT - Free Report) by 40.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,600 shares of the specialty chemicals company's stock after acquiring an additional 39,400 shares during the period. LSV Asset Management owned about 0.25% of Cabot worth $12,473,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Cabot during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted its stake in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cabot by 10.7% during 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 during the last quarter. Manchester Capital Management LLC grew 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 valued at $153,000 after purchasing an additional 1,584 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Cabot by 43.1% in the fourth quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company's stock worth $187,000 after buying an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 93.18% of the company's stock.

Wall Street Analyst Weigh In

CBT has been the subject of several research analyst reports. Mizuho cut 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. JPMorgan Chase & Co. lowered 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. StockNews.com upgraded shares of Cabot from a "hold" rating to a "buy" rating in a report on Thursday. Finally, UBS Group reduced their price objective on Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cabot has a consensus rating of "Hold" and an average price target of $93.25.

Cabot Trading Up 0.1 %

Shares of NYSE CBT traded up $0.08 during midday trading on Friday, hitting $78.40. The company's stock had a trading volume of 338,411 shares, compared to its average volume of 387,265. The business's 50 day moving average is $82.86 and its two-hundred day moving average is $95.12. Cabot Co. has a 12-month low of $73.63 and a 12-month 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. The firm has a market cap of $4.25 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04.

Cabot (NYSE:CBT - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 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%. As a group, equities research analysts expect that Cabot Co. will post 7.57 EPS for the current year.

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.