SG Americas Securities LLC Reduces Stock Position in Cabot Corporation $CBT

SG Americas Securities LLC trimmed its holdings in shares of Cabot Corporation (NYSE:CBT) by 61.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,085 shares of the specialty chemicals company’s stock after selling 16,188 shares during the quarter. SG Americas Securities LLC’s holdings in Cabot were worth $767,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in Cabot during the second quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Cabot by 95.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 189 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 364 shares during the period. UMB Bank n.a. increased its position in shares of Cabot by 52.4% during the 2nd quarter. UMB Bank n.a. now owns 730 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 251 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Cabot by 344.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 813 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 630 shares during the period. Institutional investors own 93.18% of the company’s stock.

Wall Street Analysts Forecast Growth

CBT has been the subject of several recent analyst reports. Zacks Research lowered shares of Cabot from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. dropped their price target on shares of Cabot from $75.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, November 28th. UBS Group upped their price target on shares of Cabot from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cabot in a research note on Monday, December 29th. Finally, Mizuho boosted their target price on Cabot from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.25.

Cabot Trading Down 2.2%

CBT stock opened at $69.36 on Wednesday. Cabot Corporation has a 12 month low of $58.33 and a 12 month high of $92.89. The firm’s 50-day moving average is $66.30 and its 200 day moving average is $71.97. The company has a market capitalization of $3.67 billion, a PE ratio of 11.54, a P/E/G ratio of 3.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.61 and a quick ratio of 1.08.

Cabot (NYSE:CBT) last issued its earnings results on Monday, November 3rd. The specialty chemicals company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.02). The company had revenue of $899.00 million during the quarter, compared to the consensus estimate of $967.02 million. Cabot had a return on equity of 24.55% and a net margin of 8.91%.Cabot’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. Cabot has set its FY 2026 guidance at 6.000-7.00 EPS. On average, research analysts anticipate that Cabot Corporation will post 7.57 EPS for the current year.

Cabot Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Friday, November 28th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. Cabot’s payout ratio is 29.95%.

About Cabot

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.