Snyder Capital Management L P Sells 156,146 Shares of Cabot Co. (NYSE:CBT)

Snyder Capital Management L P trimmed its holdings in shares of Cabot Co. (NYSE:CBT - Free Report) by 12.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,075,573 shares of the specialty chemicals company's stock after selling 156,146 shares during the period. Cabot makes up approximately 2.1% of Snyder Capital Management L P's investment portfolio, making the stock its 16th largest holding. Snyder Capital Management L P owned 1.98% of Cabot worth $98,211,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. raised its holdings in Cabot by 8.5% during the 4th quarter. American Century Companies Inc. now owns 1,323,347 shares of the specialty chemicals company's stock worth $120,835,000 after buying an additional 103,380 shares during the period. Sei Investments Co. raised its holdings in Cabot by 6.0% during the 4th quarter. Sei Investments Co. now owns 942,273 shares of the specialty chemicals company's stock worth $86,039,000 after buying an additional 53,090 shares during the period. Invesco Ltd. raised its holdings in Cabot by 7.1% during the 4th quarter. Invesco Ltd. now owns 845,261 shares of the specialty chemicals company's stock worth $77,181,000 after buying an additional 55,905 shares during the period. Copeland Capital Management LLC raised its holdings in Cabot by 21.6% during the 4th quarter. Copeland Capital Management LLC now owns 761,372 shares of the specialty chemicals company's stock worth $69,521,000 after buying an additional 135,119 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Cabot by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,608 shares of the specialty chemicals company's stock valued at $64,886,000 after purchasing an additional 3,175 shares during the period. 93.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. UBS Group dropped 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. JPMorgan Chase & Co. dropped their target price on Cabot from $105.00 to $85.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Mizuho dropped their target price on Cabot from $122.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Cabot from a "hold" rating to a "buy" rating in a report on Thursday, April 17th.

Cabot Stock Down 1.0 %

NYSE:CBT traded down $0.81 during mid-day trading on Wednesday, reaching $77.91. The stock had a trading volume of 87,705 shares, compared to its average volume of 427,026. The business's 50 day moving average is $81.60 and its 200 day moving average is $93.24. Cabot Co. has a fifty-two week low of $73.63 and a fifty-two week high of $117.46. The stock has a market cap of $4.22 billion, a P/E ratio of 10.35, a PEG ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29.

Cabot (NYSE:CBT - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. As a group, sell-side analysts predict that Cabot Co. will post 7.57 earnings per share for the current year.

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.