Louisiana State Employees Retirement System Acquires New Position in Cabot Corporation $CBT

Louisiana State Employees Retirement System acquired a new stake in Cabot Corporation (NYSE:CBT) during the first quarter, HoldingsChannel reports. The fund acquired 15,100 shares of the specialty chemicals company’s stock, valued at approximately $1,137,000.

A number of other institutional investors have also recently bought and sold shares of CBT. Torren Management LLC acquired a new position in shares of Cabot in the 4th quarter valued at $26,000. Rothschild Investment LLC grew its stake in shares of Cabot by 170.4% during the fourth quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 259 shares during the period. Global Retirement Partners LLC increased its holdings in Cabot by 1,606.9% in the fourth quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 466 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Cabot by 409.0% in the first quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Cabot in the third quarter valued at about $38,000. Institutional investors and hedge funds own 93.18% of the company’s stock.

Cabot Stock Performance

Shares of Cabot stock opened at $86.29 on Friday. The stock’s fifty day simple moving average is $84.52 and its 200 day simple moving average is $76.46. The company has a current ratio of 1.45, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $4.45 billion, a PE ratio of 16.31, a PEG ratio of 11.36 and a beta of 0.83. Cabot Corporation has a 12 month low of $58.33 and a 12 month high of $94.53.

Cabot (NYSE:CBT) last posted its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $900.30 million. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’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. On average, research analysts predict that Cabot Corporation will post 6.34 EPS for the current year.

Cabot Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were given a $0.4725 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.89 annualized dividend and a dividend yield of 2.2%. This is a boost from Cabot’s previous quarterly dividend of $0.45. Cabot’s payout ratio is presently 35.73%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CBT shares. Mizuho raised their target price on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. upped their price target on Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a research note on Wednesday, May 13th. Truist Financial assumed coverage on shares of Cabot in a research report on Monday, June 8th. They issued a “buy” rating and a $98.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of Cabot from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $85.80.

Cabot Company Profile

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.