State of Alaska Department of Revenue acquired a new stake in Cabot Corp (NYSE:CBT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,600 shares of the specialty chemicals company’s stock, valued at approximately $221,000.

A number of other institutional investors have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. grew its position in Cabot by 9.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,780,692 shares of the specialty chemicals company’s stock valued at $99,363,000 after acquiring an additional 152,988 shares during the last quarter. State Street Corp grew its position in Cabot by 5.1% in the 2nd quarter. State Street Corp now owns 1,751,827 shares of the specialty chemicals company’s stock valued at $93,598,000 after acquiring an additional 84,905 shares during the last quarter. Earnest Partners LLC grew its position in Cabot by 0.8% in the 3rd quarter. Earnest Partners LLC now owns 1,504,122 shares of the specialty chemicals company’s stock valued at $83,930,000 after acquiring an additional 12,601 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cabot by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,480,653 shares of the specialty chemicals company’s stock valued at $82,622,000 after acquiring an additional 36,804 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Cabot by 37.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,102,342 shares of the specialty chemicals company’s stock valued at $61,511,000 after acquiring an additional 302,750 shares during the last quarter. 84.02% of the stock is currently owned by institutional investors.

Several equities analysts have commented on the company. ValuEngine raised Cabot from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Cabot from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. SunTrust Banks raised Cabot to a “buy” rating and set a $73.00 price objective on the stock in a research report on Tuesday, January 16th. Loop Capital raised Cabot from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Friday, January 5th. Finally, Jefferies Group reissued a “buy” rating and set a $74.00 price target on shares of Cabot in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $70.67.

Cabot Corp (NYSE:CBT) opened at $66.80 on Thursday. Cabot Corp has a 12-month low of $50.21 and a 12-month high of $68.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.17 and a current ratio of 1.70. The stock has a market capitalization of $3,966.55, a price-to-earnings ratio of 18.23, a PEG ratio of 1.68 and a beta of 1.25.

Cabot (NYSE:CBT) last issued its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.15. Cabot had a return on equity of 14.96% and a net margin of 2.30%. The company had revenue of $720.00 million for the quarter, compared to the consensus estimate of $653.54 million. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. research analysts forecast that Cabot Corp will post 3.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, February 22nd. Cabot’s payout ratio is currently 128.57%.

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Cabot Profile

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.

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Institutional Ownership by Quarter for Cabot (NYSE:CBT)

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