LSV Asset Management Acquires 39,400 Shares of Cabot Co. (NYSE:CBT)

LSV Asset Management raised its holdings in Cabot Co. (NYSE:CBT) by 40.5% in the 4th quarter, HoldingsChannel reports. The fund owned 136,600 shares of the specialty chemicals company’s stock after acquiring an additional 39,400 shares during the period. LSV Asset Management’s holdings in Cabot were worth $12,473,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital Fund Management S.A. bought a new position in Cabot during the 4th quarter worth $2,022,000. Raymond James Financial Inc. acquired a new stake in shares of Cabot in the fourth quarter valued at about $5,057,000. Advisory Services Network LLC bought a new position in shares of Cabot during the fourth quarter worth about $625,000. Renaissance Technologies LLC lifted its stake in shares of Cabot by 197.7% in the fourth quarter. Renaissance Technologies LLC now owns 65,800 shares of the specialty chemicals company’s stock worth $6,008,000 after acquiring an additional 43,700 shares during the period. Finally, Invesco Ltd. boosted its holdings in Cabot by 7.1% in the fourth quarter. Invesco Ltd. now owns 845,261 shares of the specialty chemicals company’s stock valued at $77,181,000 after acquiring an additional 55,905 shares during the last quarter. Institutional investors own 93.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CBT. JPMorgan Chase & Co. lowered their price target on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, February 21st. UBS Group lowered their target price on shares of Cabot from $93.00 to $83.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. StockNews.com cut shares of Cabot from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Mizuho decreased their price target on Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $93.25.

Cabot Stock Performance

NYSE:CBT opened at $79.60 on Friday. The firm has a market capitalization of $4.32 billion, a P/E ratio of 10.57, a P/E/G ratio of 0.74 and a beta of 1.04. Cabot Co. has a twelve month low of $73.63 and a twelve month high of $117.46. The company has a fifty day moving average of $83.53 and a 200-day moving average of $95.92. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.72.

Cabot (NYSE:CBT) last posted its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. Cabot had a net margin of 10.60% and a return on equity of 26.79%. As a group, sell-side analysts anticipate that Cabot Co. will post 7.57 EPS for the current year.

Cabot Profile

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are 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 engineered elastomer composites solutions.