O Shaughnessy Asset Management LLC Boosts Position in Cabot Co. (NYSE:CBT)

O Shaughnessy Asset Management LLC raised its holdings in shares of Cabot Co. (NYSE:CBT - Free Report) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,091 shares of the specialty chemicals company's stock after acquiring an additional 3,235 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.05% of Cabot worth $2,565,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CBT. R Squared Ltd purchased a new position in Cabot in the 4th quarter worth approximately $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 219 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cabot by 10.7% during the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 130 shares during the last quarter. Manchester Capital Management LLC grew its stake in 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 acquiring an additional 1,584 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cabot by 43.1% in the 4th quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company's stock valued at $187,000 after acquiring an additional 616 shares during the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBT has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating for the company in a report on Friday, February 21st. 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. StockNews.com upgraded Cabot from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Mizuho reduced their price target on shares of Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cabot currently has a consensus rating of "Hold" and an average price target of $93.25.

Cabot Trading Up 1.3 %

Shares of NYSE CBT traded up $0.98 during trading hours on Tuesday, hitting $77.39. 94,341 shares of the company traded hands, compared to its average volume of 429,672. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. The company's 50 day moving average price is $84.62 and its 200 day moving average price is $97.06. Cabot Co. has a 12 month low of $74.28 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.

Cabot (NYSE:CBT - Get Free Report) last released its earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts anticipate that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, February 28th. Cabot's dividend payout ratio is currently 22.84%.

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.