Advisory Services Network LLC Invests $625,000 in Cabot Co. (NYSE:CBT)

Advisory Services Network LLC acquired a new stake in shares of Cabot Co. (NYSE:CBT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,846 shares of the specialty chemicals company’s stock, valued at approximately $625,000.

Several other large investors also recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Cabot in the fourth quarter worth about $26,000. EverSource Wealth Advisors LLC raised its holdings in shares of Cabot by 37.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 808 shares of the specialty chemicals company’s stock valued at $74,000 after purchasing an additional 219 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Cabot by 10.7% in the 4th quarter. GAMMA Investing LLC now owns 1,348 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 130 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Cabot by 1,685.1% during the fourth quarter. Manchester Capital Management LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $153,000 after purchasing an additional 1,584 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cabot by 43.1% during the fourth quarter. KBC Group NV now owns 2,046 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 616 shares during the period. 93.18% of the stock is owned by hedge funds and other institutional investors.

Cabot Stock Down 0.9 %

Shares of CBT stock opened at $78.41 on Wednesday. The stock’s fifty day moving average price is $83.17 and its 200 day moving average price is $95.47. Cabot Co. has a 1-year low of $73.63 and a 1-year high of $117.46. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.00 and a quick ratio of 1.29.

Cabot (NYSE:CBT) last issued its quarterly earnings results on Monday, February 3rd. The specialty chemicals company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. Cabot had a return on equity of 26.79% and a net margin of 10.60%. On average, research analysts expect that Cabot Co. will post 7.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on CBT shares. UBS Group dropped their target price on Cabot from $93.00 to $83.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. StockNews.com downgraded Cabot from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. Mizuho reduced their target price on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.25.

Cabot Company 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.