Cabot Corporation $CBT Shares Acquired by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC increased its holdings in Cabot Corporation by 57.5%, now owning 75,503 shares valued at approximately $6.28 million.
• Cabot Corporation reported earnings of $1.90 per share for the last quarter, surpassing analyst estimates and setting a guidance of $7.150-$7.500 EPS for FY 2025.
• The company declared a quarterly dividend of $0.45, representing a 2.2% yield, with the payment scheduled for September 11th.

Great Lakes Advisors LLC increased its stake in shares of Cabot Corporation (NYSE:CBT - Free Report) by 57.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,503 shares of the specialty chemicals company's stock after acquiring an additional 27,557 shares during the quarter. Great Lakes Advisors LLC owned about 0.14% of Cabot worth $6,277,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBT. Banque Cantonale Vaudoise acquired a new stake in Cabot during the 1st quarter worth $43,000. CWM LLC raised its stake in Cabot by 55.0% during the 1st quarter. CWM LLC now owns 600 shares of the specialty chemicals company's stock worth $50,000 after acquiring an additional 213 shares in the last quarter. Brooklyn Investment Group raised its stake in Cabot by 1,553.7% during the 1st quarter. Brooklyn Investment Group now owns 678 shares of the specialty chemicals company's stock worth $56,000 after acquiring an additional 637 shares in the last quarter. NewEdge Advisors LLC raised its stake in Cabot by 2,559.5% during the 1st quarter. NewEdge Advisors LLC now owns 984 shares of the specialty chemicals company's stock worth $82,000 after acquiring an additional 947 shares in the last quarter. Finally, Curat Global LLC acquired a new stake in Cabot during the 1st quarter worth $83,000. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Cabot Price Performance

Shares of NYSE CBT traded up $0.64 during midday trading on Monday, hitting $79.64. The company had a trading volume of 70,400 shares, compared to its average volume of 414,284. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. Cabot Corporation has a twelve month low of $70.40 and a twelve month high of $117.46. The business has a 50-day simple moving average of $78.31 and a two-hundred day simple moving average of $78.25. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 10.41 and a beta of 0.90.

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

Cabot Announces Dividend

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

Analysts Set New Price Targets

Separately, UBS Group set a $82.00 price objective on shares of Cabot and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $92.33.

Insider Transactions at Cabot

In other Cabot news, CEO Sean D. Keohane sold 114,436 shares of Cabot stock in a transaction dated 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 approximately $28,661,147.04. The trade was a 24.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.03% of the company's stock.

Cabot Company 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.