Cabot (NYSE:CBT) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Cabot (NYSE:CBT) was downgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Briefing.com reports.

Several other research firms have also issued reports on CBT. StockNews.com lowered shares of Cabot from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 14th. Mizuho initiated coverage on shares of Cabot in a research report on Wednesday, March 27th. They set a “buy” rating and a $104.00 target price on the stock. Finally, UBS Group lowered shares of Cabot from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.67.

Cabot Stock Performance

NYSE CBT opened at $91.93 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 1.30. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.98 and a beta of 1.28. The company’s fifty day moving average is $87.85 and its two-hundred day moving average is $79.41. Cabot has a 52-week low of $63.73 and a 52-week high of $98.34.

Cabot (NYSE:CBT) last posted its quarterly earnings results on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.07. The company had revenue of $958.00 million for the quarter, compared to analyst estimates of $927.28 million. Cabot had a net margin of 11.24% and a return on equity of 25.52%. Equities research analysts forecast that Cabot will post 6.58 EPS for the current year.

Insider Activity at Cabot

In related news, EVP Jeff Ji Zhu sold 55,233 shares of Cabot stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the completion of the transaction, the executive vice president now directly owns 97,201 shares of the company’s stock, valued at approximately $7,767,331.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cabot

Several institutional investors have recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC bought a new position in Cabot during the 1st quarter valued at about $203,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cabot by 12.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,924 shares of the specialty chemicals company’s stock worth $546,000 after acquiring an additional 656 shares during the last quarter. Miller Howard Investments Inc. NY bought a new position in shares of Cabot in the first quarter worth about $279,000. Banque Cantonale Vaudoise raised its stake in shares of Cabot by 17.5% in the first quarter. Banque Cantonale Vaudoise now owns 833 shares of the specialty chemicals company’s stock worth $77,000 after acquiring an additional 124 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Cabot by 1.4% in the first quarter. Los Angeles Capital Management LLC now owns 10,851 shares of the specialty chemicals company’s stock worth $1,000,000 after acquiring an additional 145 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

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.