Deutsche Bank AG Sells 4,206 Shares of Cabot Co. (NYSE:CBT)

Deutsche Bank AG reduced its stake in shares of Cabot Co. (NYSE:CBT - Free Report) by 8.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,159 shares of the specialty chemicals company's stock after selling 4,206 shares during the period. Deutsche Bank AG owned approximately 0.09% of Cabot worth $4,397,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its holdings in shares of Cabot by 379.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 59,033 shares of the specialty chemicals company's stock valued at $5,390,000 after purchasing an additional 46,718 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Cabot by 60.3% in the fourth quarter. Cetera Investment Advisers now owns 19,241 shares of the specialty chemicals company's stock valued at $1,757,000 after purchasing an additional 7,235 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Cabot in the fourth quarter valued at approximately $1,034,000. Bridgefront Capital LLC raised its holdings in shares of Cabot by 64.8% in the fourth quarter. Bridgefront Capital LLC now owns 4,221 shares of the specialty chemicals company's stock valued at $385,000 after purchasing an additional 1,659 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Cabot by 4.4% in the fourth quarter. Captrust Financial Advisors now owns 9,489 shares of the specialty chemicals company's stock valued at $866,000 after purchasing an additional 399 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CBT. 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 report on Friday, February 21st. Wall Street Zen downgraded shares of Cabot from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, UBS Group lowered their target price on shares of Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a report on Monday, April 7th.

Cabot Stock Up 0.0%

CBT traded up $0.02 during trading on Friday, reaching $74.07. 450,376 shares of the stock were exchanged, compared to its average volume of 408,635. The stock has a market cap of $3.98 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.74 and a beta of 0.91. Cabot Co. has a twelve month low of $71.64 and a twelve month high of $117.46. The stock's 50 day moving average price is $78.45 and its two-hundred day moving average price is $88.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00.

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

Cabot Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.43%. This is an increase from Cabot's previous quarterly dividend of $0.43. The ex-dividend date is Friday, May 30th. Cabot's payout ratio is presently 23.29%.

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.