Cabot Corporation $CBT Shares Sold by Paradiem LLC

Paradiem LLC cut its stake in shares of Cabot Corporation (NYSE:CBT) by 20.3% during the fourth quarter, Holdings Channel reports. The firm owned 118,851 shares of the specialty chemicals company’s stock after selling 30,246 shares during the quarter. Cabot makes up approximately 1.9% of Paradiem LLC’s portfolio, making the stock its 24th largest holding. Paradiem LLC’s holdings in Cabot were worth $7,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in Cabot during the 3rd quarter worth about $440,000. Danske Bank A S acquired a new stake in shares of Cabot during the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cabot by 709.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 534 shares of the specialty chemicals company’s stock valued at $41,000 after acquiring an additional 468 shares in the last quarter. Advisory Services Network LLC purchased a new position in Cabot during the 3rd quarter worth approximately $57,000. Finally, Morningstar Investment Management LLC acquired a new stake in Cabot during the 3rd quarter valued at $447,000. Institutional investors and hedge funds own 93.18% of the company’s stock.

Cabot Stock Performance

Shares of NYSE CBT opened at $68.75 on Friday. The business’s 50-day simple moving average is $72.98 and its 200-day simple moving average is $70.72. Cabot Corporation has a 52 week low of $58.33 and a 52 week high of $84.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.67. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 8.96 and a beta of 0.86.

Cabot (NYSE:CBT) last announced its quarterly earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.40 by $0.13. The company had revenue of $849.00 million for the quarter, compared to the consensus estimate of $889.11 million. Cabot had a return on equity of 22.82% and a net margin of 8.62%.The company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 earnings per share. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, equities research analysts expect that Cabot Corporation will post 7.57 earnings per share for the current fiscal year.

Cabot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, February 27th. Cabot’s dividend payout ratio is 31.52%.

Analysts Set New Price Targets

Several brokerages have recently commented on CBT. Zacks Research raised Cabot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their target price on Cabot from $75.00 to $54.00 and set an “underweight” rating on the stock in a research note on Friday, November 28th. Mizuho set a $75.00 target price on Cabot and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group increased their price target on shares of Cabot from $74.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group restated a “buy” rating and set a $85.00 price target on shares of Cabot in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cabot presently has an average rating of “Hold” and a consensus target price of $73.75.

About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.