QS Investors LLC maintained its position in Cabot Corporation (NYSE:CBT) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,513 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. QS Investors LLC’s holdings in Cabot Corporation were worth $295,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cabot Corporation by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,118 shares of the specialty chemicals company’s stock worth $487,000 after buying an additional 33 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Cabot Corporation by 0.9% during the second quarter. Teacher Retirement System of Texas now owns 4,984 shares of the specialty chemicals company’s stock worth $266,000 after buying an additional 45 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in Cabot Corporation by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 10,772 shares of the specialty chemicals company’s stock worth $492,000 after buying an additional 54 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cabot Corporation by 9.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,469 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 209 shares during the last quarter. Finally, Capstone Asset Management Co. increased its holdings in Cabot Corporation by 4.0% during the second quarter. Capstone Asset Management Co. now owns 5,442 shares of the specialty chemicals company’s stock worth $291,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 84.28% of the company’s stock.

Cabot Corporation (NYSE:CBT) opened at 58.56 on Friday. Cabot Corporation has a 12 month low of $47.99 and a 12 month high of $61.34. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 16.40 and a beta of 1.09. The firm’s 50-day moving average is $55.59 and its 200-day moving average is $54.52.

Cabot Corporation (NYSE:CBT) last released its quarterly earnings results on Tuesday, August 1st. The specialty chemicals company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.04). Cabot Corporation had a net margin of 8.61% and a return on equity of 16.03%. The business had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $664.16 million. During the same period in the previous year, the company earned $0.93 EPS. Cabot Corporation’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, analysts anticipate that Cabot Corporation will post $3.44 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.dailypolitical.com/2017/10/20/cabot-corporation-cbt-holdings-held-by-qs-investors-llc.html.

CBT has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Cabot Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Cabot Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Tuesday, July 11th. ValuEngine downgraded shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. J P Morgan Chase & Co upgraded shares of Cabot Corporation from a “neutral” rating to an “overweight” rating and set a $57.00 price objective for the company in a report on Tuesday, August 15th. Finally, Loop Capital initiated coverage on shares of Cabot Corporation in a report on Thursday, September 28th. They set a “hold” rating and a $59.00 price objective for the company. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.29.

In other news, insider Hobart Kalkstein sold 3,881 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.39, for a total transaction of $207,206.59. Following the completion of the sale, the insider now owns 27,736 shares of the company’s stock, valued at approximately $1,480,825.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

About Cabot Corporation

Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.

Want to see what other hedge funds are holding CBT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cabot Corporation (NYSE:CBT).

Institutional Ownership by Quarter for Cabot Corporation (NYSE:CBT)

Receive News & Ratings for Cabot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cabot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.