Cabot Corporation $CBT Stake Increased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its holdings in Cabot Corporation by 14% in the 1st quarter, acquiring an additional 8,864 shares, and now owns 72,219 shares valued at approximately $6 million.
• Cabot Corporation reported $1.90 earnings per share for the last quarter, exceeding expectations, and has set FY 2025 guidance at 7.150-7.500 EPS.
• The company declared a quarterly dividend of $0.45 per share, scheduled for payment on September 11, representing an annualized dividend yield of 2.2%.

Hotchkis & Wiley Capital Management LLC increased its holdings in Cabot Corporation (NYSE:CBT - Free Report) by 14.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,219 shares of the specialty chemicals company's stock after buying an additional 8,864 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.13% of Cabot worth $6,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of Cabot by 13.2% in the 1st quarter. American Century Companies Inc. now owns 1,498,268 shares of the specialty chemicals company's stock worth $124,566,000 after buying an additional 174,921 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cabot by 8.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,426,693 shares of the specialty chemicals company's stock valued at $118,606,000 after purchasing an additional 108,397 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Cabot by 1.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,886 shares of the specialty chemicals company's stock worth $99,010,000 after acquiring an additional 19,333 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of Cabot by 5.8% during the 1st quarter. Copeland Capital Management LLC now owns 805,504 shares of the specialty chemicals company's stock worth $66,970,000 after acquiring an additional 44,132 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Cabot by 12.4% during the 4th quarter. Northern Trust Corp now owns 794,477 shares of the specialty chemicals company's stock worth $72,544,000 after acquiring an additional 87,881 shares during the period. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

Cabot Stock Down 0.1%

Shares of CBT traded down $0.12 during mid-day trading on Thursday, reaching $81.83. 251,478 shares of the stock traded hands, compared to its average volume of 419,775. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 10.70 and a beta of 0.87. The stock has a fifty day simple moving average of $77.36 and a 200 day simple moving average of $78.79. Cabot Corporation has a 12-month low of $70.40 and a 12-month high of $117.46. 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 (NYSE:CBT - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The specialty chemicals company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.80 by $0.10. The company had revenue of $923.00 million for the quarter, compared to analyst estimates 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. Sell-side analysts expect that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 29th. Cabot's payout ratio is 23.53%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CBT shares. Wall Street Zen downgraded shares of Cabot from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. UBS Group set a $82.00 target price on shares of Cabot and gave the stock a "neutral" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $92.33.

Insider Activity

In related news, CEO Sean D. Keohane sold 114,436 shares of Cabot stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $79.28, for a total value of $9,072,486.08. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.03% of the company's stock.

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.