November 30, 2016 - By Winifred Garcia · 0 Comments
Cabot Corp (NYSE:CBT) institutional sentiment decreased to 0.94 in 2016 Q2. Its down -0.15, from 1.09 in 2016Q1. The ratio dropped, as 118 investment managers increased and started new positions, while 108 sold and reduced their holdings in Cabot Corp. The investment managers in our partner’s database now own: 52.28 million shares, down from 52.74 million shares in 2016Q1. Also, the number of investment managers holding Cabot Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 24 Reduced: 84 Increased: 96 New Position: 22.
Cabot Corporation is a global specialty chemicals and performance materials company. The company has a market cap of $3.13 billion. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. It has a 21.82 P/E ratio. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids.
About 282,735 shares traded hands. Cabot Corp (NYSE:CBT) has risen 0.58% since April 27, 2016 and is uptrending. It has underperformed by 4.65% the S&P500.
Analysts await Cabot Corp (NYSE:CBT) to report earnings on February, 6. They expect $0.69 EPS, up 35.29% or $0.18 from last year’s $0.51 per share. CBT’s profit will be $42.21M for 18.54 P/E if the $0.69 EPS becomes a reality. After $1.00 actual EPS reported by Cabot Corp for the previous quarter, Wall Street now forecasts -31.00% negative EPS growth.
According to Zacks Investment Research, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release)”
Cabot holds 16.56% of its portfolio in Cabot Corp for 388,765 shares. Fiduciary Trust Co owns 1.21 million shares or 1.94% of their US portfolio. Moreover, Snyder Capital Management L P has 1.8% invested in the company for 606,951 shares. The Massachusetts-based Aureus Asset Management Llc has invested 1.7% in the stock. Hillcrest Asset Management Llc, a Texas-based fund reported 139,007 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 12 sales for $12.64 million net activity.
Ratings analysis reveals 33% of Cabot’s analysts are positive. Out of 6 Wall Street analysts rating Cabot, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $37.0 while the high is $55. The stock’s average target of $52.25 is 2.13% above today’s ($51.16) share price. CBT was included in 9 notes of analysts from August 13, 2015. BB&T Capital initiated Cabot Corp (NYSE:CBT) on Thursday, December 10 with “Buy” rating. Deutsche Bank maintained it with “Buy” rating and $44 target price in Wednesday, November 11 report. The firm has “Sell” rating by Zacks given on Tuesday, September 1. The company was downgraded on Tuesday, August 2 by SunTrust. As per Monday, April 11, the company rating was downgraded by KeyBanc Capital Markets. The firm has “Hold” rating by Deutsche Bank given on Friday, August 12. On Monday, March 14 the stock rating was downgraded by JP Morgan to “Neutral”. Deutsche Bank maintained Cabot Corp (NYSE:CBT) on Thursday, August 13 with “Hold” rating.
Cabot Corporation (Cabot), incorporated on July 14, 1960, is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids. It operates in three geographic regions: Americas Region; Europe, the Middle East and Africa (EMEA) Region, and Asia Pacific Region. Cabot and its affiliates have manufacturing facilities and activities in the United States and over 20 other countries. It focuses on creating particles with the composition, morphology, surface functionalities and formulations.
Another recent and important Cabot Corp (NYSE:CBT) news was published by Zacks.com which published an article titled: “Cabot Corp. (CBT): Stock Poised to Beat Earnings in Q4?” on October 28, 2016.
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By Winifred Garcia