Jeff Ji Zhu Sells 14,566 Shares of Cabot Co. (NYSE:CBT) Stock

Cabot Co. (NYSE:CBT) EVP Jeff Ji Zhu sold 14,566 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $113.25, for a total value of $1,649,599.50. Following the transaction, the executive vice president now owns 69,449 shares in the company, valued at $7,865,099.25. This trade represents a 17.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeff Ji Zhu also recently made the following trade(s):

• On Monday, August 26th, Jeff Ji Zhu sold 1,201 shares of Cabot stock. The stock was sold at an average price of $106.19, for a total transaction of $127,534.19.

Cabot Trading Down 0.3 %

NYSE CBT opened at $108.81 on Friday. The firm’s 50 day moving average price is $110.16 and its two-hundred day moving average price is $102.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.36 and a current ratio of 2.08. Cabot Co. has a twelve month low of $70.63 and a twelve month high of $117.46. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.94 and a beta of 1.20.

Cabot (NYSE:CBT) last posted its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Cabot had a return on equity of 26.60% and a net margin of 9.51%. Cabot’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.65 earnings per share. Equities analysts anticipate that Cabot Co. will post 7.7 EPS for the current year.

Cabot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, November 29th. Cabot’s payout ratio is presently 25.52%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CBT. Wolff Wiese Magana LLC bought a new stake in shares of Cabot during the 3rd quarter worth about $25,000. UMB Bank n.a. lifted its holdings in Cabot by 53.9% in the 3rd quarter. UMB Bank n.a. now owns 371 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 130 shares during the last quarter. CWM LLC boosted its position in Cabot by 60.6% during the second quarter. CWM LLC now owns 416 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 157 shares during the period. Farther Finance Advisors LLC grew its holdings in Cabot by 197.9% during the third quarter. Farther Finance Advisors LLC now owns 417 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 277 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Cabot by 33.4% in the second quarter. EverSource Wealth Advisors LLC now owns 475 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 119 shares during the period. Institutional investors own 93.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBT. UBS Group reduced their price target on shares of Cabot from $103.00 to $98.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Mizuho boosted their target price on shares of Cabot from $103.00 to $122.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. lowered shares of Cabot from a “neutral” rating to an “underweight” rating and set a $105.00 price target on the stock. in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cabot has a consensus rating of “Hold” and an average target price of $105.00.

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.