Cabot Co. (NYSE:CBT) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lessened its holdings in shares of Cabot Co. (NYSE:CBT) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,882 shares of the specialty chemicals company’s stock after selling 1,685 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Cabot were worth $263,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. American Century Companies Inc. grew its holdings in Cabot by 8.5% in the 4th quarter. American Century Companies Inc. now owns 1,323,347 shares of the specialty chemicals company’s stock valued at $120,835,000 after buying an additional 103,380 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Cabot by 6.0% in the fourth quarter. Sei Investments Co. now owns 942,273 shares of the specialty chemicals company’s stock valued at $86,039,000 after purchasing an additional 53,090 shares during the period. Invesco Ltd. increased its position in Cabot by 7.1% during the fourth quarter. Invesco Ltd. now owns 845,261 shares of the specialty chemicals company’s stock worth $77,181,000 after purchasing an additional 55,905 shares during the last quarter. Copeland Capital Management LLC raised its stake in Cabot by 21.6% during the fourth quarter. Copeland Capital Management LLC now owns 761,372 shares of the specialty chemicals company’s stock worth $69,521,000 after purchasing an additional 135,119 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cabot by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 710,608 shares of the specialty chemicals company’s stock valued at $64,886,000 after purchasing an additional 3,175 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Cabot Price Performance

Shares of NYSE CBT opened at $77.30 on Tuesday. The stock’s 50-day simple moving average is $82.54 and its 200-day simple moving average is $94.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.29 and a current ratio of 2.00. The firm has a market capitalization of $4.19 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. Cabot Co. has a fifty-two week low of $73.63 and a fifty-two week high of $117.46.

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group decreased their price objective on Cabot from $93.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Cabot from $105.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, February 21st. StockNews.com upgraded shares of Cabot from a “hold” rating to a “buy” rating in a report on Thursday, April 17th. Finally, Mizuho dropped their price target on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th.

About Cabot

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.