AIA Group Ltd Buys Shares of 8,166 Cabot Co. (NYSE:CBT)

AIA Group Ltd bought a new stake in shares of Cabot Co. (NYSE:CBT) in the 4th quarter, HoldingsChannel reports. The fund bought 8,166 shares of the specialty chemicals company’s stock, valued at approximately $682,000.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Cabot by 176.0% in the 1st quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 264 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Cabot in the 4th quarter worth about $34,000. Milestone Investment Advisors LLC acquired a new stake in shares of Cabot in the 3rd quarter worth about $79,000. Ronald Blue Trust Inc. increased its holdings in shares of Cabot by 460.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,895 shares of the specialty chemicals company’s stock worth $127,000 after acquiring an additional 1,557 shares during the period. Finally, State of Wyoming increased its holdings in shares of Cabot by 91.2% in the 2nd quarter. State of Wyoming now owns 2,199 shares of the specialty chemicals company’s stock worth $147,000 after acquiring an additional 1,049 shares during the period. Institutional investors own 93.18% of the company’s stock.

Insider Buying and Selling

In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of Cabot stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the sale, the executive vice president now owns 97,201 shares in the company, valued at $7,767,331.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.07% of the stock is currently owned by insiders.

Cabot Price Performance

Shares of CBT opened at $92.01 on Friday. The firm has a market cap of $5.10 billion, a PE ratio of 11.95, a PEG ratio of 0.96 and a beta of 1.28. The firm’s 50 day moving average price is $88.31 and its 200 day moving average price is $79.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.30 and a current ratio of 2.04. Cabot Co. has a twelve month low of $63.73 and a twelve month high of $98.34.

Cabot (NYSE:CBT) last released its quarterly earnings results on Monday, February 5th. The specialty chemicals company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.07. Cabot had a net margin of 11.24% and a return on equity of 25.52%. The company had revenue of $958.00 million for the quarter, compared to analyst estimates of $927.28 million. As a group, research analysts expect that Cabot Co. will post 6.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CBT. Deutsche Bank Aktiengesellschaft cut shares of Cabot from a “buy” rating to a “hold” rating and raised their target price for the company from $88.00 to $95.00 in a research note on Thursday. StockNews.com cut shares of Cabot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. Mizuho started coverage on shares of Cabot in a report on Wednesday, March 27th. They issued a “buy” rating and a $104.00 target price for the company. Finally, UBS Group cut shares of Cabot from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.17.

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.