Other research analysts have also issued research reports about the stock. TheStreet lowered shares of Cabot from a b- rating to a c+ rating in a research note on Wednesday, August 14th. Zacks Investment Research lowered shares of Cabot from a hold rating to a sell rating and set a $47.00 target price for the company. in a research note on Friday, October 25th. Northcoast Research set a $45.00 price target on shares of Cabot and gave the company a buy rating in a report on Wednesday, August 7th. Loop Capital cut shares of Cabot from a buy rating to a hold rating and lowered their price target for the company from $69.00 to $41.00 in a report on Monday, August 5th. Finally, Robert W. Baird downgraded shares of Cabot from an outperform rating to a neutral rating and set a $45.00 price target on the stock. in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $44.67.
CBT opened at $45.75 on Tuesday. The stock has a fifty day moving average of $46.72 and a 200-day moving average of $44.26. The firm has a market capitalization of $2.68 billion, a P/E ratio of 12.02, a PEG ratio of 1.23 and a beta of 1.56. Cabot has a 12-month low of $37.11 and a 12-month high of $50.58. The company has a quick ratio of 1.24, a current ratio of 2.02 and a debt-to-equity ratio of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.40 annualized dividend and a dividend yield of 3.06%. Cabot’s payout ratio is 35.81%.
A number of large investors have recently added to or reduced their stakes in CBT. Laurion Capital Management LP grew its stake in Cabot by 60.5% in the 2nd quarter. Laurion Capital Management LP now owns 16,116 shares of the specialty chemicals company’s stock valued at $769,000 after buying an additional 6,074 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new position in shares of Cabot during the 2nd quarter worth about $57,000. Nisa Investment Advisors LLC lifted its position in shares of Cabot by 6.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,900 shares of the specialty chemicals company’s stock worth $403,000 after purchasing an additional 500 shares during the last quarter. Mackay Shields LLC bought a new stake in Cabot during the 3rd quarter valued at approximately $2,498,000. Finally, Malaga Cove Capital LLC boosted its stake in Cabot by 40.3% during the 3rd quarter. Malaga Cove Capital LLC now owns 19,474 shares of the specialty chemicals company’s stock valued at $883,000 after purchasing an additional 5,589 shares during the period. Hedge funds and other institutional investors own 84.40% of the company’s stock.
Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks 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 compounds of carbon black and rubber.
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