Cabot Co. (NYSE:CBT) Stock Holdings Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cabot Co. (NYSE:CBT - Free Report) by 1,995.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,362 shares of the specialty chemicals company's stock after acquiring an additional 40,340 shares during the period. Caisse DE Depot ET Placement DU Quebec owned about 0.08% of Cabot worth $3,868,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new stake in Cabot during the 4th quarter worth $393,000. AdvisorShares Investments LLC acquired a new position in shares of Cabot during the 4th quarter worth approximately $418,000. Northern Trust Corp lifted its position in Cabot by 12.4% during the fourth quarter. Northern Trust Corp now owns 794,477 shares of the specialty chemicals company's stock worth $72,544,000 after purchasing an additional 87,881 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Cabot by 58.5% in the 4th quarter. Tudor Investment Corp ET AL now owns 98,113 shares of the specialty chemicals company's stock valued at $8,959,000 after purchasing an additional 36,202 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in shares of Cabot by 268.7% during the 4th quarter. Aquatic Capital Management LLC now owns 19,494 shares of the specialty chemicals company's stock valued at $1,780,000 after purchasing an additional 14,207 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CBT shares. Mizuho cut their target price on Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. UBS Group lowered their price target 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. lowered their price objective on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com upgraded Cabot from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th.

Cabot Stock Up 0.8 %

CBT traded up $0.60 on Wednesday, reaching $73.07. The company's stock had a trading volume of 1,070,401 shares, compared to its average volume of 400,535. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.74 and a beta of 0.91. Cabot Co. has a fifty-two week low of $71.74 and a fifty-two week high of $117.46. The stock has a 50 day moving average of $80.45 and a two-hundred day moving average of $91.79. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Cabot (NYSE:CBT - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The specialty chemicals company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.86 by $0.04. The business had revenue of $936.00 million for the quarter, compared to analyst estimates of $1.02 billion. Cabot had a net margin of 10.60% and a return on equity of 26.79%. The company's quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. As a group, analysts forecast that Cabot Co. will post 7.57 EPS for the current fiscal year.

Cabot Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, May 30th. This is a boost from Cabot's previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 2.46%. Cabot's dividend payout ratio (DPR) is 22.84%.

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.