Twinbeech Capital LP Makes New Investment in Cabot Co. (NYSE:CBT)

Twinbeech Capital LP purchased a new stake in shares of Cabot Co. (NYSE:CBT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 80,517 shares of the specialty chemicals company's stock, valued at approximately $7,352,000. Twinbeech Capital LP owned 0.15% of Cabot as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CBT. R Squared Ltd bought a new position in Cabot during the fourth quarter valued at about $26,000. EverSource Wealth Advisors LLC grew its position in Cabot by 37.2% during 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. Manchester Capital Management LLC grew its position in Cabot by 1,685.1% during the fourth quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company's stock valued at $153,000 after buying an additional 1,584 shares during the period. KBC Group NV grew its position in Cabot by 43.1% during the fourth quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company's stock valued at $187,000 after buying an additional 616 shares during the period. Finally, Measured Wealth Private Client Group LLC bought a new position in Cabot during the fourth quarter valued at about $205,000. Institutional investors own 93.18% of the company's stock.

Analyst Ratings Changes

CBT has been the subject of a number of research reports. Wall Street Zen lowered shares of Cabot from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Finally, UBS Group cut their target price on shares of Cabot from $93.00 to $83.00 and set a "neutral" rating for the company in a research report on Monday, April 7th.

Cabot Price Performance

CBT traded up $0.02 on Friday, reaching $74.07. The company had a trading volume of 450,376 shares, compared to its average volume of 408,635. The business has a 50 day simple moving average of $78.45 and a 200 day simple moving average of $88.72. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.74 and a beta of 0.91. 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 Co. has a 52-week low of $71.64 and a 52-week high of $117.46.

Cabot (NYSE:CBT - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The specialty chemicals company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.86 by $0.04. The firm 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 business's revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. As a group, sell-side analysts anticipate 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.43%. This is an increase from Cabot's previous quarterly dividend of $0.43. The ex-dividend date of this dividend 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.