Natixis Advisors LLC Boosts Holdings in Cabot Corporation $CBT

Natixis Advisors LLC raised its stake in shares of Cabot Corporation (NYSE:CBT) by 36.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 201,034 shares of the specialty chemicals company’s stock after acquiring an additional 53,352 shares during the period. Natixis Advisors LLC’s holdings in Cabot were worth $15,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Cabot in the second quarter worth $51,710,000. AQR Capital Management LLC increased its holdings in Cabot by 123.0% in the 2nd quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock valued at $65,096,000 after acquiring an additional 478,702 shares during the last quarter. American Century Companies Inc. increased its holdings in Cabot by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 1,664,728 shares of the specialty chemicals company’s stock valued at $124,855,000 after acquiring an additional 166,460 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Cabot by 32.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 442,646 shares of the specialty chemicals company’s stock worth $36,802,000 after purchasing an additional 108,645 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Cabot by 259.2% in the 3rd quarter. Victory Capital Management Inc. now owns 142,404 shares of the specialty chemicals company’s stock worth $10,830,000 after purchasing an additional 102,764 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.

Wall Street Analysts Forecast Growth

CBT has been the subject of a number of research analyst reports. Zacks Research upgraded Cabot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cabot in a research note on Monday, December 29th. UBS Group raised their price target on Cabot from $74.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Mizuho set a $75.00 price objective on Cabot and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Cabot from $75.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, November 28th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.75.

Cabot Stock Up 1.5%

Shares of NYSE CBT opened at $68.81 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $84.89. The firm’s 50-day moving average price is $73.08 and its 200-day moving average price is $71.17. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 8.93 and a beta of 0.86.

Cabot (NYSE:CBT) last released its quarterly earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.40 by $0.13. Cabot had a return on equity of 22.82% and a net margin of 8.62%.The company had revenue of $849.00 million during the quarter, compared to analyst estimates of $889.11 million. During the same quarter last year, the business posted $1.76 earnings per share. The firm’s revenue was down 11.1% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. On average, equities research analysts anticipate that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.45 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.6%. Cabot’s payout ratio is 31.52%.

Cabot Profile

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.