Snyder Capital Management L P Cuts Stock Holdings in Cabot Co. (NYSE:CBT)

Snyder Capital Management L P trimmed its holdings in Cabot Co. (NYSE:CBT - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,075,573 shares of the specialty chemicals company's stock after selling 156,146 shares during the period. Cabot accounts for about 2.1% of Snyder Capital Management L P's holdings, making the stock its 16th biggest holding. Snyder Capital Management L P owned 1.98% of Cabot worth $98,211,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. American Century Companies Inc. raised its position in shares of Cabot by 8.5% in the fourth quarter. American Century Companies Inc. now owns 1,323,347 shares of the specialty chemicals company's stock valued at $120,835,000 after buying an additional 103,380 shares during the last quarter. Sei Investments Co. raised its position in shares of Cabot by 6.0% in the fourth quarter. Sei Investments Co. now owns 942,273 shares of the specialty chemicals company's stock valued at $86,039,000 after buying an additional 53,090 shares during the last quarter. Invesco Ltd. raised its position in shares of Cabot by 7.1% in the fourth quarter. Invesco Ltd. now owns 845,261 shares of the specialty chemicals company's stock valued at $77,181,000 after buying an additional 55,905 shares during the last quarter. Copeland Capital Management LLC raised its stake in Cabot by 21.6% during the fourth quarter. Copeland Capital Management LLC now owns 761,372 shares of the specialty chemicals company's stock worth $69,521,000 after purchasing an additional 135,119 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Cabot by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 710,608 shares of the specialty chemicals company's stock worth $64,886,000 after purchasing an additional 3,175 shares during the period. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Cabot Trading Down 0.2 %

NYSE:CBT traded down $0.18 during trading hours on Monday, reaching $79.02. 348,074 shares of the stock were exchanged, compared to its average volume of 390,585. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $81.74 and a two-hundred day moving average of $93.34. Cabot Co. has a twelve month low of $73.63 and a twelve month high of $117.46. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 0.74 and a beta of 1.04.

Cabot (NYSE:CBT - Get Free Report) last released 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 return on equity of 26.79% and a net margin of 10.60%. On average, equities analysts predict that Cabot Co. will post 7.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBT. 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. StockNews.com upgraded Cabot from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on 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 decreased their price objective on Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a report on Monday, April 7th.

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.