Gottberg Friedrich Von also recently made the following trade(s):
Cabot Corporation (NYSE:CBT) insider Gottberg Friedrich Von sold 15,909 shares of Cabot Corporation stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $57.42, for a total transaction of $913,494.78. Following the completion of the transaction, the insider now directly owns 45,184 shares of the company’s stock, valued at $2,594,465.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Cabot Corporation (NYSE:CBT) opened at 57.55 on Monday. Cabot Corporation has a 12 month low of $40.72 and a 12 month high of $60.72. The company has a 50-day moving average of $54.29 and a 200 day moving average of $51.65. The company has a market capitalization of $3.58 billion, a P/E ratio of 17.39 and a beta of 1.21.
Cabot Corporation (NYSE:CBT) last released its earnings results on Wednesday, February 1st. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.14. The firm earned $611 million during the quarter, compared to analysts’ expectations of $609.25 million. Cabot Corporation had a net margin of 8.68% and a return on equity of 16.25%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. Analysts forecast that Cabot Corporation will post $3.54 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Friday, February 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, February 22nd. Cabot Corporation’s payout ratio is currently 36.14%.
CBT has been the subject of several research reports. TheStreet lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Zacks Investment Research lowered shares of Cabot Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Cabot Corporation in a report on Monday, November 7th. Finally, Aegis started coverage on shares of Cabot Corporation in a report on Friday, January 13th. They issued a “hold” rating and a $59.00 price target for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.50.
Institutional investors have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. boosted its position in Cabot Corporation by 5.9% in the second quarter. First Citizens Bank & Trust Co. now owns 9,369 shares of the company’s stock valued at $428,000 after buying an additional 519 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Cabot Corporation by 0.9% in the second quarter. Bbva Compass Bancshares Inc. now owns 9,086 shares of the company’s stock valued at $415,000 after buying an additional 82 shares during the period. Boston Private Wealth LLC raised its stake in shares of Cabot Corporation by 1.0% in the second quarter. Boston Private Wealth LLC now owns 66,083 shares of the company’s stock valued at $3,017,000 after buying an additional 623 shares during the period. TradeLink Capital LLC acquired a new stake in shares of Cabot Corporation during the second quarter valued at about $204,000. Finally, Airain ltd acquired a new stake in shares of Cabot Corporation during the second quarter valued at about $610,000. Hedge funds and other institutional investors own 86.29% of the company’s stock.
About Cabot Corporation
Cabot Corporation is a global specialty chemicals and performance materials company. The Company operates through four business segments: reinforcement materials, performance chemicals, purification solutions and specialty fluids. Reinforcement materials’ rubber grade carbon blacks are used to enhance the physical properties of the systems and applications in which they are incorporated.