American Century Companies Inc. Buys 140,665 Shares of Cabot Corporation $CBT

American Century Companies Inc. grew its holdings in Cabot Corporation (NYSE:CBT) by 8.4% during the third quarter, HoldingsChannel.com reports. The firm owned 1,805,393 shares of the specialty chemicals company’s stock after acquiring an additional 140,665 shares during the quarter. American Century Companies Inc.’s holdings in Cabot were worth $137,300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Caitlin John LLC acquired a new position in shares of Cabot during the third quarter valued at about $185,000. Handelsbanken Fonder AB grew its holdings in shares of Cabot by 27.5% during the third quarter. Handelsbanken Fonder AB now owns 13,909 shares of the specialty chemicals company’s stock worth $1,058,000 after buying an additional 3,000 shares in the last quarter. Hohimer Wealth Management LLC acquired a new stake in shares of Cabot in the 3rd quarter worth $214,000. Choreo LLC purchased a new stake in Cabot in the third quarter valued at $430,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Cabot by 51.5% during the third quarter. EverSource Wealth Advisors LLC now owns 1,232 shares of the specialty chemicals company’s stock worth $94,000 after purchasing an additional 419 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Cabot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $85.00 price target on shares of Cabot in a research note on Wednesday, February 4th. Mizuho set a $75.00 price objective on Cabot and gave the company a “neutral” rating in a research report on Wednesday, February 4th. UBS Group raised their target price on shares of Cabot from $74.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their target price on Cabot from $75.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, November 28th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cabot currently has a consensus rating of “Hold” and a consensus target price of $73.75.

Cabot Stock Up 0.3%

CBT stock opened at $76.03 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.67 and a quick ratio of 1.09. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $89.15. The company’s 50 day simple moving average is $72.08 and its 200-day simple moving average is $71.55. The firm has a market capitalization of $3.97 billion, a P/E ratio of 13.31, a P/E/G ratio of 4.06 and a beta of 0.86.

Cabot (NYSE:CBT) last issued its earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.13. The firm had revenue of $849.00 million for the quarter, compared to the consensus estimate of $889.11 million. Cabot had a return on equity of 22.82% and a net margin of 8.62%.The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 earnings per share. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, equities research analysts anticipate that Cabot Corporation will post 7.57 EPS for the current year.

Cabot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. Cabot’s dividend payout ratio (DPR) is 31.52%.

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.