Schroder Investment Management Group Has $7.07 Million Position in Cabot Co. (NYSE:CBT)

Schroder Investment Management Group boosted its stake in Cabot Co. (NYSE:CBT) by 67.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,942 shares of the specialty chemicals company’s stock after buying an additional 31,394 shares during the quarter. Schroder Investment Management Group owned approximately 0.14% of Cabot worth $7,065,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Cabot during the fourth quarter worth $26,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Cabot by 37.2% during the 4th 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 last quarter. GAMMA Investing LLC grew its stake in shares of Cabot by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company’s stock valued at $123,000 after buying an additional 130 shares in the last quarter. Manchester Capital Management LLC increased its holdings in Cabot by 1,685.1% in the fourth quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 1,584 shares during the last quarter. Finally, KBC Group NV lifted its stake in Cabot by 43.1% in the fourth quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 616 shares during the last quarter. Institutional investors and hedge funds own 93.18% of the company’s stock.

Cabot Trading Down 1.8 %

Shares of NYSE:CBT opened at $78.39 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00. The stock’s 50-day moving average is $84.85 and its 200-day moving average is $97.45. The company has a market cap of $4.25 billion, a P/E ratio of 10.41, a P/E/G ratio of 0.74 and a beta of 1.04. Cabot Co. has a 52-week low of $75.51 and a 52-week high of $117.46.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. Equities research analysts predict that Cabot Co. will post 7.57 earnings per share for the current year.

Cabot Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.43 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.72 annualized dividend and a yield of 2.19%. Cabot’s dividend payout ratio is 22.84%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Mizuho reduced their price target on Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com raised Cabot from a “hold” rating to a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cabot presently has an average rating of “Hold” and a consensus price target of $97.00.

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.