Lightrock Netherlands B.V. Has $9.88 Million Stock Holdings in Cabot Corporation (NYSE:CBT)

Lightrock Netherlands B.V. boosted its holdings in Cabot Corporation (NYSE:CBT - Free Report) by 74.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,644 shares of the specialty chemicals company's stock after buying an additional 50,778 shares during the period. Cabot makes up about 2.6% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 17th biggest position. Lightrock Netherlands B.V. owned approximately 0.22% of Cabot worth $9,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CBT. EverSource Wealth Advisors LLC lifted its stake in Cabot by 37.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company's stock valued at $74,000 after buying an additional 219 shares during the period. Curat Global LLC bought a new stake in shares of Cabot in the 1st quarter valued at about $83,000. Farther Finance Advisors LLC increased its stake in shares of Cabot by 1,346.4% in the 1st quarter. Farther Finance Advisors LLC now owns 1,620 shares of the specialty chemicals company's stock valued at $136,000 after acquiring an additional 1,508 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cabot by 26.1% in the 1st quarter. GAMMA Investing LLC now owns 1,700 shares of the specialty chemicals company's stock valued at $141,000 after acquiring an additional 352 shares during the period. Finally, KBC Group NV boosted its stake in Cabot by 31.5% during the 1st quarter. KBC Group NV now owns 2,690 shares of the specialty chemicals company's stock worth $224,000 after acquiring an additional 644 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CBT shares. Wall Street Zen cut shares of Cabot from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. UBS Group reduced their target price on Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a report on Monday, April 7th.

Cabot Stock Down 0.7%

Shares of CBT stock traded down $0.56 during trading hours on Friday, hitting $78.37. 156,613 shares of the company were exchanged, compared to its average volume of 409,939. Cabot Corporation has a 52 week low of $71.64 and a 52 week high of $117.46. The company has a current ratio of 1.96, a quick ratio of 1.30 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $75.62 and a two-hundred day moving average of $81.91. The company has a market capitalization of $4.21 billion, a PE ratio of 10.14, a PEG ratio of 0.71 and a beta of 0.85.

Cabot (NYSE:CBT - Get Free Report) last released its earnings results on Monday, May 5th. The specialty chemicals company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.04. The firm had revenue of $936.00 million during the quarter, compared to analysts' expectations of $1.02 billion. Cabot had a return on equity of 26.76% and a net margin of 11.08%. The company's revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Analysts anticipate that Cabot Corporation will post 7.57 earnings per share for the current fiscal year.

Cabot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a $0.45 dividend. This is a boost from Cabot's previous quarterly dividend of $0.43. The ex-dividend date was Friday, May 30th. This represents a $1.80 annualized dividend and a yield of 2.30%. 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.