Dynamic Technology Lab Private Ltd Raises Holdings in Cabot Co. (NYSE:CBT)

Dynamic Technology Lab Private Ltd raised its position in shares of Cabot Co. (NYSE:CBT) by 153.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,870 shares of the specialty chemicals company’s stock after buying an additional 14,449 shares during the quarter. Cabot comprises approximately 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 24th largest position. Dynamic Technology Lab Private Ltd’s holdings in Cabot were worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Cabot during the 4th quarter worth about $26,000. EverSource Wealth Advisors LLC grew its stake in Cabot by 37.2% during the fourth 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. 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 worth $123,000 after acquiring an additional 130 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of Cabot by 1,685.1% in the 4th quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 1,584 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Cabot by 43.1% during the 4th 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 in the last quarter. 93.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on CBT. JPMorgan Chase & Co. lowered their price target on Cabot from $105.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Mizuho lowered their target price on Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com raised Cabot from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $97.00.

Cabot Stock Performance

NYSE:CBT opened at $78.39 on Friday. Cabot Co. has a 1-year low of $75.51 and a 1-year high of $117.46. The stock has a market cap of $4.25 billion, a P/E ratio of 10.41, 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. The firm has a 50-day moving average of $84.85 and a two-hundred day moving average of $97.45.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share for the quarter, beating 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%. On average, research analysts expect that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Cabot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued 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 presently 22.84%.

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.