Livforsakringsbolaget Skandia Omsesidigt Grows Holdings in Cabot Corporation $CBT

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Cabot Corporation by 38.2% in Q2, acquiring an additional 5,500 shares, bringing its total holdings to 19,900 shares valued at approximately $1.49 million.
• Cabot declared a quarterly dividend of $0.45 per share, representing a 2.3% yield, with a payout ratio of 23.53%.
• CEO Sean D. Keohane sold 114,436 shares on August 14th for about $9.07 million, reducing his ownership by 24.04% to 361,518 shares.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Cabot Corporation (NYSE:CBT - Free Report) by 38.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,900 shares of the specialty chemicals company's stock after acquiring an additional 5,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Cabot were worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBT. Geneos Wealth Management Inc. raised its holdings in shares of Cabot by 409.0% in the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 364 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Cabot in the first quarter worth $43,000. CWM LLC raised its holdings in shares of Cabot by 55.0% in the first quarter. CWM LLC now owns 600 shares of the specialty chemicals company's stock worth $50,000 after buying an additional 213 shares during the last quarter. Brooklyn Investment Group raised its holdings in shares of Cabot by 1,553.7% in the first quarter. Brooklyn Investment Group now owns 678 shares of the specialty chemicals company's stock worth $56,000 after buying an additional 637 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Cabot by 2,559.5% in the first quarter. NewEdge Advisors LLC now owns 984 shares of the specialty chemicals company's stock worth $82,000 after acquiring an additional 947 shares during the period. Hedge funds and other institutional investors own 93.18% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group set a $82.00 price objective on shares of Cabot and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Cabot currently has a consensus rating of "Hold" and an average target price of $92.33.

Cabot Stock Down 0.8%

Shares of CBT stock traded down $0.59 during trading on Friday, reaching $77.50. The company's stock had a trading volume of 870,553 shares, compared to its average volume of 281,368. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.13 and a quick ratio of 1.41. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 10.13 and a beta of 0.90. The stock's 50-day moving average price is $78.28 and its 200 day moving average price is $78.11. Cabot Corporation has a 1-year low of $70.40 and a 1-year high of $117.46.

Cabot (NYSE:CBT - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The specialty chemicals company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.80 by $0.10. Cabot had a net margin of 11.14% and a return on equity of 25.68%. The firm had revenue of $923.00 million during the quarter, compared to analysts' expectations of $957.29 million. Cabot has set its FY 2025 guidance at 7.150-7.500 EPS. On average, research analysts anticipate that Cabot Corporation will post 7.57 EPS for the current year.

Cabot Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, August 29th. Cabot's payout ratio is 23.53%.

Insider Buying and Selling

In other Cabot news, CEO Sean D. Keohane sold 114,436 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $79.28, for a total transaction of $9,072,486.08. Following the completion of the transaction, the chief executive officer owned 361,518 shares in the company, valued at $28,661,147.04. The trade was a 24.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 3.03% of the stock is owned by company insiders.

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.