Jane Street Group LLC Acquires 46,444 Shares of Cabot Co. (NYSE:CBT)

Jane Street Group LLC grew its stake in shares of Cabot Co. (NYSE:CBT - Free Report) by 86.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,073 shares of the specialty chemicals company's stock after buying an additional 46,444 shares during the quarter. Jane Street Group LLC owned 0.18% of Cabot worth $9,138,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of Cabot by 10.7% in the fourth quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company's stock valued at $123,000 after acquiring an additional 130 shares during the period. Personal CFO Solutions LLC grew its stake in shares of Cabot by 3.3% in the fourth quarter. Personal CFO Solutions LLC now owns 4,285 shares of the specialty chemicals company's stock worth $391,000 after purchasing an additional 137 shares during the last quarter. Isthmus Partners LLC increased its holdings in Cabot by 4.8% during the 4th quarter. Isthmus Partners LLC now owns 4,072 shares of the specialty chemicals company's stock valued at $372,000 after purchasing an additional 187 shares during the period. Neuberger Berman Group LLC raised its position in Cabot by 1.2% during the 4th quarter. Neuberger Berman Group LLC now owns 18,238 shares of the specialty chemicals company's stock valued at $1,665,000 after purchasing an additional 212 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Cabot by 37.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company's stock worth $74,000 after buying an additional 219 shares during the period. Hedge funds and other institutional investors own 93.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CBT shares. UBS Group reduced their target price on Cabot from $93.00 to $83.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Finally, StockNews.com cut shares of Cabot from a "buy" rating to a "hold" rating in a research report on Wednesday.

Cabot Trading Up 0.8 %

CBT opened at $73.07 on Thursday. The stock has a market cap of $3.96 billion, a PE ratio of 9.70, a PEG ratio of 0.74 and a beta of 0.91. The business has a 50 day moving average of $80.45 and a 200-day moving average of $91.79. Cabot Co. has a 52 week low of $71.64 and a 52 week high of $117.46. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Cabot (NYSE:CBT - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The specialty chemicals company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.86 by $0.04. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $1.02 billion. Cabot had a return on equity of 26.79% and a net margin of 10.60%. The company's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.78 earnings per share. Equities research analysts predict that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Cabot's previous quarterly dividend of $0.43. Cabot's dividend payout ratio is 22.84%.

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.

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