Mercer Global Advisors Inc. ADV Has $4.09 Million Stock Holdings in Cabot Co. (NYSE:CBT)

Mercer Global Advisors Inc. ADV boosted its holdings in Cabot Co. (NYSE:CBT) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 44,826 shares of the specialty chemicals company’s stock after purchasing an additional 2,699 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Cabot were worth $4,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in Cabot during the 4th quarter worth approximately $37,961,000. Copeland Capital Management LLC boosted its holdings 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 last quarter. American Century Companies Inc. grew its position 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 worth $120,835,000 after purchasing an additional 103,380 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Cabot by 27.1% in the 4th quarter. JPMorgan Chase & Co. now owns 451,513 shares of the specialty chemicals company’s stock valued at $41,228,000 after buying an additional 96,179 shares during the last quarter. Finally, Northern Trust Corp lifted its position in shares of Cabot by 12.4% during the 4th quarter. Northern Trust Corp now owns 794,477 shares of the specialty chemicals company’s stock worth $72,544,000 after buying an additional 87,881 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

Cabot Trading Down 0.7 %

Shares of Cabot stock opened at $77.48 on Tuesday. The stock has a market capitalization of $4.20 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.74 and a beta of 0.91. Cabot Co. has a 52-week low of $72.29 and a 52-week high of $117.46. 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 stock’s 50-day simple moving average is $80.96 and its 200 day simple moving average is $92.06.

Cabot (NYSE:CBT) last issued its earnings results on Monday, May 5th. The specialty chemicals company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.04. Cabot had a net margin of 10.60% and a return on equity of 26.79%. The business had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Cabot Co. will post 7.57 EPS for the current year.

Cabot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.45 dividend. This is a positive change from Cabot’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a yield of 2.32%. Cabot’s dividend payout ratio is currently 22.84%.

Wall Street Analysts Forecast Growth

CBT has been the subject of a number of research analyst reports. StockNews.com raised Cabot from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Mizuho lowered their price objective on shares of Cabot from $122.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their target price on shares of Cabot from $105.00 to $85.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, UBS Group lowered their price target on shares of Cabot from $93.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, April 7th.

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.