California State Teachers Retirement System Boosts Holdings in Cabot Corporation $CBT

California State Teachers Retirement System lifted its position in Cabot Corporation (NYSE:CBT) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,369 shares of the specialty chemicals company’s stock after purchasing an additional 12,850 shares during the quarter. California State Teachers Retirement System’s holdings in Cabot were worth $4,772,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Cabot during the 4th quarter valued at about $49,662,000. AQR Capital Management LLC lifted its holdings in shares of Cabot by 123.0% during the 2nd quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock worth $65,096,000 after acquiring an additional 478,702 shares during the last quarter. UBS Group AG grew its position in Cabot by 186.7% in the third quarter. UBS Group AG now owns 593,510 shares of the specialty chemicals company’s stock worth $45,136,000 after acquiring an additional 386,514 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Cabot by 3,165.7% in the 4th quarter. Pacer Advisors Inc. now owns 229,252 shares of the specialty chemicals company’s stock worth $15,195,000 after purchasing an additional 222,232 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Cabot during the 4th quarter valued at about $8,785,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Cabot Trading Up 0.2%

NYSE CBT opened at $87.69 on Friday. The stock’s fifty day moving average price is $87.92 and its 200-day moving average price is $79.87. The company has a current ratio of 1.47, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.53 billion, a P/E ratio of 24.70, a P/E/G ratio of 11.44 and a beta of 0.84. Cabot Corporation has a 12 month low of $58.33 and a 12 month high of $94.53.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.66 by $0.01. The company had revenue of $982.00 million for the quarter, compared to the consensus estimate of $943.16 million. Cabot had a net margin of 5.23% and a return on equity of 20.29%. Cabot’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. As a group, equities analysts forecast that Cabot Corporation will post 6.32 EPS for the current fiscal year.

Cabot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.4725 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $1.89 annualized dividend and a yield of 2.2%. Cabot’s dividend payout ratio is 53.24%.

Wall Street Analysts Forecast Growth

CBT has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Truist Financial set a $100.00 price objective on Cabot in a report on Wednesday. UBS Group lowered their price objective on Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Cabot from $70.00 to $78.00 and gave the stock an “underweight” rating in a research note on Friday. Finally, Mizuho increased their price objective on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $89.00.

Cabot Company 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.