United Services Automobile Association Acquires Shares of 3,683 Cabot Corporation $CBT

Key Points

• United Services Automobile Association has acquired a new stake in Cabot Corporation, purchasing 3,683 shares valued at approximately $303,000 in the first quarter.
• Cabot's CEO, Sean D. Keohane, sold 114,436 shares of the company's stock on August 14, decreasing his position by 24.04% and retaining 361,518 shares valued at around $28.66 million.
• Cabot Corporation reported a quarterly earnings per share of $1.90, beating estimates, and has set its FY 2025 guidance between $7.150 and $7.500 EPS.

United Services Automobile Association purchased a new stake in Cabot Corporation (NYSE:CBT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,683 shares of the specialty chemicals company's stock, valued at approximately $303,000.

A number of other institutional investors have also recently bought and sold shares of CBT. Beverly Hills Private Wealth LLC increased its holdings in shares of Cabot by 3.6% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,918 shares of the specialty chemicals company's stock valued at $326,000 after purchasing an additional 135 shares during the last quarter. Keeley Teton Advisors LLC grew its stake in shares of Cabot by 1.0% in the first quarter. Keeley Teton Advisors LLC now owns 16,756 shares of the specialty chemicals company's stock valued at $1,393,000 after acquiring an additional 174 shares in the last quarter. Isthmus Partners LLC lifted its position in Cabot by 4.6% during the first quarter. Isthmus Partners LLC now owns 4,258 shares of the specialty chemicals company's stock worth $354,000 after purchasing an additional 186 shares during the period. CWM LLC lifted its position in Cabot by 55.0% during the first quarter. CWM LLC now owns 600 shares of the specialty chemicals company's stock worth $50,000 after purchasing an additional 213 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in Cabot by 1.0% during the first quarter. Campbell & CO Investment Adviser LLC now owns 23,601 shares of the specialty chemicals company's stock worth $1,962,000 after purchasing an additional 236 shares during the period. Institutional investors own 93.18% of the company's stock.

Cabot Stock Up 1.5%

CBT stock traded up $1.17 during midday trading on Thursday, reaching $78.14. 234,984 shares of the company's stock traded hands, compared to its average volume of 286,392. The company has a quick ratio of 1.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 10.21 and a beta of 0.90. The firm's fifty day moving average price is $78.30 and its 200-day moving average price is $78.17. Cabot Corporation has a 52 week low of $70.40 and a 52 week high of $117.46.

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, topping analysts' consensus estimates of $1.80 by $0.10. The firm had revenue of $923.00 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts forecast that Cabot Corporation will post 7.57 earnings per share for the current fiscal year.

Cabot Announces Dividend

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

Insider Transactions at Cabot

In other Cabot news, CEO Sean D. Keohane sold 114,436 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was 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 directly owned 361,518 shares of the company's stock, valued at $28,661,147.04. This trade represents a 24.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

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.