Natixis Advisors LLC Sells 11,649 Shares of Cabot Corporation $CBT

Natixis Advisors LLC decreased its position in Cabot Corporation (NYSE:CBT) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 189,385 shares of the specialty chemicals company’s stock after selling 11,649 shares during the period. Natixis Advisors LLC’s holdings in Cabot were worth $12,552,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CBT. American Century Companies Inc. increased its position in Cabot by 8.4% in the third quarter. American Century Companies Inc. now owns 1,805,393 shares of the specialty chemicals company’s stock worth $137,300,000 after buying an additional 140,665 shares in the last quarter. Bank of America Corp DE increased its position in Cabot by 3.9% in the third quarter. Bank of America Corp DE now owns 1,683,520 shares of the specialty chemicals company’s stock worth $128,032,000 after buying an additional 63,080 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Cabot by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,556,762 shares of the specialty chemicals company’s stock worth $118,392,000 after buying an additional 73,734 shares in the last quarter. Sei Investments Co. increased its position in Cabot by 2.4% in the third quarter. Sei Investments Co. now owns 1,008,847 shares of the specialty chemicals company’s stock worth $76,722,000 after buying an additional 23,267 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Cabot by 3.0% in the third quarter. AQR Capital Management LLC now owns 893,760 shares of the specialty chemicals company’s stock worth $67,970,000 after buying an additional 25,814 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen cut Cabot from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho upped their price target on Cabot from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group upped their price target on Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $80.25.

Cabot Stock Performance

NYSE:CBT opened at $80.86 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $89.46. The stock has a 50-day moving average price of $79.11 and a 200 day moving average price of $73.00. The stock has a market capitalization of $4.17 billion, a P/E ratio of 15.28, a P/E/G ratio of 10.67 and a beta of 0.82.

Cabot (NYSE:CBT) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.14. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The firm had revenue of $904.00 million during the quarter, compared to analysts’ expectations of $900.31 million. During the same quarter last year, the business posted $1.90 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. Equities research analysts forecast that Cabot Corporation will post 6.32 EPS for the current fiscal year.

Cabot Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.4725 per share. The ex-dividend date is Friday, May 29th. This represents a $1.89 annualized dividend and a yield of 2.3%. This is a boost from Cabot’s previous quarterly dividend of $0.45. Cabot’s dividend payout ratio (DPR) is 35.73%.

About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.