Cabot Corporation $CBT Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in Cabot Corporation (NYSE:CBT) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,390 shares of the specialty chemicals company’s stock after selling 10,631 shares during the period. Retirement Systems of Alabama owned about 0.10% of Cabot worth $4,849,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Torren Management LLC acquired a new position in shares of Cabot in the fourth quarter valued at approximately $26,000. Rothschild Investment LLC boosted its position in 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 acquiring an additional 259 shares during the last quarter. Global Retirement Partners LLC boosted its position in Cabot by 1,606.9% during the fourth quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock worth $33,000 after acquiring an additional 466 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Cabot by 409.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 364 shares during the period. Finally, Danske Bank A S purchased a new stake in Cabot in the 3rd quarter worth approximately $38,000. 93.18% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cabot

In related news, CEO Sean D. Keohane sold 91,923 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $86.41, for a total value of $7,943,066.43. Following the transaction, the chief executive officer owned 404,134 shares in the company, valued at approximately $34,921,218.94. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.08% of the company’s stock.

Analyst Ratings Changes

CBT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Cabot from $70.00 to $78.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. UBS Group lowered their price objective on Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen upgraded Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Truist Financial set a $100.00 target price on Cabot in a research report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.00.

Cabot Stock Performance

Shares of CBT stock opened at $86.28 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.47. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 11.26 and a beta of 0.84. Cabot Corporation has a one year low of $58.33 and a one year high of $94.53. The company has a 50 day moving average price of $87.98 and a 200 day moving average price of $80.34.

Cabot (NYSE:CBT) last announced its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. Cabot had a net margin of 5.23% and a return on equity of 20.29%. The company had revenue of $982.00 million for the quarter, compared to analyst estimates of $943.16 million. During the same quarter last year, the business earned $1.90 EPS. Cabot’s revenue for the quarter was up 6.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts anticipate that Cabot Corporation will post 6.33 EPS for the current year.

Cabot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. Cabot’s dividend payout ratio is 53.24%.

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.