Victory Capital Management Inc. Acquires 102,764 Shares of Cabot Corporation $CBT

Victory Capital Management Inc. boosted its holdings in Cabot Corporation (NYSE:CBT) by 259.2% during the third quarter, Holdings Channel reports. The fund owned 142,404 shares of the specialty chemicals company’s stock after purchasing an additional 102,764 shares during the period. Victory Capital Management Inc.’s holdings in Cabot were worth $10,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Cabot by 598.0% in the third quarter. Smartleaf Asset Management LLC now owns 349 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 299 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Cabot during the 2nd quarter worth about $28,000. Parkside Financial Bank & Trust grew its stake in Cabot by 95.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 189 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Cabot by 227.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 429 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 298 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Cabot by 409.0% during the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

Cabot Price Performance

Cabot stock opened at $67.78 on Thursday. The firm has a market cap of $3.54 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 9.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.09. The stock’s fifty day moving average price is $73.03 and its two-hundred day moving average price is $71.19. Cabot Corporation has a one year low of $58.33 and a one year high of $85.64.

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

Cabot Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. Cabot’s dividend payout ratio (DPR) is currently 31.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CBT shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cabot in a research report on Monday, December 29th. Zacks Research upgraded Cabot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Cabot in a report on Wednesday, February 4th. Mizuho set a $75.00 target price on Cabot and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Finally, UBS Group boosted their target price on shares of Cabot from $74.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.75.

Cabot Profile

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.