1492 Capital Management LLC Makes New $3.62 Million Investment in Cabot Corporation $CBT

1492 Capital Management LLC bought a new stake in shares of Cabot Corporation (NYSE:CBT) in the first quarter, Holdings Channel reports. The fund bought 48,057 shares of the specialty chemicals company’s stock, valued at approximately $3,619,000. Cabot makes up approximately 1.4% of 1492 Capital Management LLC’s holdings, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBT. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Cabot by 5.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,343,322 shares of the specialty chemicals company’s stock worth $155,315,000 after buying an additional 124,613 shares in the last quarter. State Street Corp grew its stake in Cabot by 1.0% during the fourth quarter. State Street Corp now owns 2,025,589 shares of the specialty chemicals company’s stock valued at $134,256,000 after acquiring an additional 20,021 shares in the last quarter. American Century Companies Inc. increased its holdings in Cabot by 8.4% during the 3rd quarter. American Century Companies Inc. now owns 1,805,393 shares of the specialty chemicals company’s stock worth $137,300,000 after acquiring an additional 140,665 shares during the period. Bank of America Corp DE increased its holdings in Cabot by 3.9% during the 3rd quarter. Bank of America Corp DE now owns 1,683,520 shares of the specialty chemicals company’s stock worth $128,032,000 after acquiring an additional 63,080 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Cabot by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,663,283 shares of the specialty chemicals company’s stock worth $110,243,000 after purchasing an additional 106,521 shares in the last quarter. 93.18% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CBT shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. Truist Financial began coverage on shares of Cabot in a report on Monday, June 8th. They issued a “buy” rating and a $98.00 price target on the stock. Mizuho increased their price objective on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday. Wall Street Zen raised Cabot from a “hold” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, UBS Group boosted their target price on Cabot from $81.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $85.80.

Cabot Stock Performance

NYSE CBT opened at $93.49 on Friday. Cabot Corporation has a 52-week low of $58.33 and a 52-week high of $94.53. The company has a fifty day moving average of $83.21 and a 200-day moving average of $75.73. The company has a market capitalization of $4.83 billion, a P/E ratio of 17.67, a P/E/G ratio of 12.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.45.

Cabot (NYSE:CBT) last released its earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Cabot had a return on equity of 21.33% and a net margin of 7.97%.The business had revenue of $904.00 million for the quarter, compared to analysts’ expectations of $900.30 million. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. As a group, equities research analysts predict that Cabot Corporation will post 6.34 EPS for the current fiscal year.

Cabot Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a dividend of $0.4725 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.0%. This is a positive change from Cabot’s previous quarterly dividend of $0.45. Cabot’s payout ratio is 35.73%.

Cabot Company Profile

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.