Cabot Corp (CBT) Holdings Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Cabot Corp (NYSE:CBT) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 806,153 shares of the specialty chemicals company’s stock after selling 66,656 shares during the quarter. Principal Financial Group Inc. owned 1.35% of Cabot worth $34,616,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new stake in shares of Cabot during the fourth quarter worth $28,000. Meeder Asset Management Inc. lifted its position in shares of Cabot by 28.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,049 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 231 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Cabot by 723.5% during the fourth quarter. IFP Advisors Inc now owns 1,087 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 955 shares during the last quarter. Bremer Trust National Association bought a new stake in shares of Cabot during the fourth quarter worth $50,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of Cabot during the fourth quarter worth $79,000. 86.62% of the stock is owned by institutional investors.

CBT stock opened at $40.79 on Monday. The company has a quick ratio of 0.75, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.43 billion, a P/E ratio of 10.12, a PEG ratio of 0.88 and a beta of 1.39. Cabot Corp has a 1-year low of $39.57 and a 1-year high of $67.80.



Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, February 4th. The specialty chemicals company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.03). The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $778.50 million. Cabot had a net margin of 2.33% and a return on equity of 19.05%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, sell-side analysts anticipate that Cabot Corp will post 4.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $1.32 annualized dividend and a dividend yield of 3.24%. Cabot’s payout ratio is currently 32.75%.

Several analysts have recently weighed in on CBT shares. Zacks Investment Research downgraded Cabot from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. ValuEngine downgraded Cabot from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 5th. Finally, TheStreet upgraded Cabot from a “c” rating to a “b-” rating in a research report on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $74.80.

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Cabot Company Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company offers rubber grade carbon blacks used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and compounds of carbon black and rubber.

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Institutional Ownership by Quarter for Cabot (NYSE:CBT)

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