T. Rowe Price Investment Management Inc. Sells 364,956 Shares of Cabot Co. (NYSE:CBT)

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Cabot Co. (NYSE:CBT - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 551,940 shares of the specialty chemicals company's stock after selling 364,956 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.02% of Cabot worth $50,398,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Cabot during the 4th quarter valued at approximately $37,961,000. Copeland Capital Management LLC boosted its holdings 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 acquiring an additional 135,119 shares during the period. American Century Companies Inc. grew 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 acquiring an additional 103,380 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Cabot by 27.1% during the fourth quarter. JPMorgan Chase & Co. now owns 451,513 shares of the specialty chemicals company's stock worth $41,228,000 after acquiring an additional 96,179 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Cabot by 3,242.5% in the 4th quarter. Marshall Wace LLP now owns 74,338 shares of the specialty chemicals company's stock worth $6,788,000 after acquiring an additional 72,114 shares during the period. Institutional investors own 93.18% of the company's stock.

Analyst Ratings Changes

CBT has been the subject of several recent analyst reports. UBS Group decreased their target price on shares of Cabot from $93.00 to $83.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. JPMorgan Chase & Co. decreased their price target on Cabot from $105.00 to $85.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Mizuho cut their price objective on shares of Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com raised shares of Cabot from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th.

Cabot Trading Down 0.4 %

Shares of Cabot stock traded down $0.29 on Tuesday, reaching $78.68. 595,516 shares of the company were exchanged, compared to its average volume of 391,623. 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 Co. has a fifty-two week low of $73.63 and a fifty-two week high of $117.46. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. The stock has a fifty day moving average price of $81.74 and a 200-day moving average price of $93.34.

Cabot (NYSE:CBT - Get Free Report) last announced its earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 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, 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.