Insider Selling: Brian Berube Unloads 23,000 Shares of Cabot Corp. Stock (CBT)
Cabot Corp. (NYSE:CBT) SVP Brian Berube sold 23,000 shares of Cabot Corp. stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $42.07, for a total transaction of $967,610.00. Following the completion of the transaction, the senior vice president now directly owns 32,687 shares of the company’s stock, valued at approximately $1,375,142. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at SunTrust initiated coverage on shares of Cabot Corp. (NYSE:CBT) in a research note to investors on Wednesday, August 28th. They set a “neutral” rating and a $40.05 price target on the stock.
Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $41.77.
Shares of Cabot Corp. (NYSE:CBT) traded up 0.31% on Tuesday, hitting $42.21. The stock had a trading volume of 334,679 shares. Cabot Corp. has a one year low of $32.13 and a one year high of $44.16. The stock has a 50-day moving average of $40.60 and a 200-day moving average of $38.22. The company has a market cap of $2.696 billion and a P/E ratio of 19.29.
Cabot Corp. (NYSE:CBT) last released its earnings data on Wednesday, July 31st. The company reported $0.84 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.91 by $0.07. The company had revenue of $903.00 million for the quarter, compared to the consensus estimate of $931.00 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that Cabot Corp. will post $2.91 EPS for the current fiscal year.
Cabot Corporation (NYSE:CBT) is a global specialty chemicals and performance materials company.
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