Cabot (NYSE:CBT) Research Coverage Started at Mizuho

Mizuho initiated coverage on shares of Cabot (NYSE:CBT) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $104.00 price target on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Cabot from a strong-buy rating to a buy rating in a research note on Wednesday, February 14th. UBS Group lowered shares of Cabot from a buy rating to a neutral rating and dropped their price target for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Cabot has an average rating of Moderate Buy and an average price target of $87.67.

Cabot Trading Up 0.4 %

CBT opened at $92.20 on Wednesday. The firm has a market capitalization of $5.11 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.97 and a beta of 1.27. The firm’s 50 day moving average is $82.69 and its 200-day moving average is $77.06. Cabot has a 52-week low of $63.73 and a 52-week high of $92.50. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 0.74.

Cabot (NYSE:CBT) last posted its quarterly earnings data on Monday, February 5th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. The company had revenue of $958.00 million for the quarter, compared to analyst estimates of $927.28 million. Cabot had a net margin of 11.24% and a return on equity of 25.52%. Analysts expect that Cabot will post 6.58 EPS for the current fiscal year.

Cabot Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.60 annualized dividend and a yield of 1.74%. Cabot’s payout ratio is 20.78%.

Insider Buying and Selling at Cabot

In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the completion of the sale, the executive vice president now owns 97,201 shares in the company, valued at $7,767,331.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.07% of the stock is owned by insiders.

Institutional Trading of Cabot

Several institutional investors have recently added to or reduced their stakes in CBT. Mariner LLC boosted its holdings in shares of Cabot by 4.1% during the third quarter. Mariner LLC now owns 3,433 shares of the specialty chemicals company’s stock valued at $238,000 after acquiring an additional 136 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in shares of Cabot by 4.4% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,418 shares of the specialty chemicals company’s stock valued at $228,000 after acquiring an additional 143 shares during the period. Creative Planning boosted its holdings in shares of Cabot by 2.8% during the third quarter. Creative Planning now owns 5,797 shares of the specialty chemicals company’s stock valued at $402,000 after acquiring an additional 158 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Cabot by 3.4% during the first quarter. Commonwealth Equity Services LLC now owns 4,857 shares of the specialty chemicals company’s stock valued at $372,000 after acquiring an additional 159 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Cabot by 1.0% during the third quarter. Arizona State Retirement System now owns 15,986 shares of the specialty chemicals company’s stock valued at $1,107,000 after acquiring an additional 166 shares during the period. Institutional investors own 93.18% of the company’s stock.

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.