Cabot Co. (NYSE:CBT) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in Cabot Co. (NYSE:CBT - Free Report) by 67.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 77,942 shares of the specialty chemicals company's stock after buying an additional 31,394 shares during the period. Schroder Investment Management Group owned 0.14% of Cabot worth $7,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBT. Norges Bank purchased a new stake in Cabot in the 4th quarter worth $37,961,000. Copeland Capital Management LLC grew its stake in shares of Cabot by 21.6% during the fourth quarter. Copeland Capital Management LLC now owns 761,372 shares of the specialty chemicals company's stock valued at $69,521,000 after buying an additional 135,119 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Cabot by 8.5% during the fourth quarter. American Century Companies Inc. now owns 1,323,347 shares of the specialty chemicals company's stock worth $120,835,000 after purchasing an additional 103,380 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Cabot by 27.1% in the 4th quarter. JPMorgan Chase & Co. now owns 451,513 shares of the specialty chemicals company's stock valued at $41,228,000 after buying an additional 96,179 shares during the period. Finally, Lightrock Netherlands B.V. purchased a new position in Cabot during the 4th quarter worth $6,228,000. Institutional investors own 93.18% of the company's stock.

Cabot Price Performance

Shares of CBT stock traded up $5.97 on Wednesday, reaching $80.77. 629,451 shares of the company were exchanged, compared to its average volume of 385,659. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 0.74 and a beta of 1.04. The business has a 50-day moving average price of $83.85 and a 200 day moving average price of $96.35. Cabot Co. has a 1 year low of $73.63 and a 1 year high of $117.46. 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 released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 EPS for the quarter, beating 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%. Equities research analysts forecast that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 2.13%. Cabot's dividend payout ratio (DPR) is 22.84%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Cabot from a "buy" rating to a "hold" rating in a research note on Wednesday. Mizuho reduced their target price on Cabot from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Finally, UBS Group dropped their target price on Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Cabot presently has an average rating of "Hold" and an average price target of $93.25.

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.