Cabot Corporation $CBT Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in shares of Cabot Corporation (NYSE:CBT) by 312.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 49,248 shares of the specialty chemicals company’s stock after purchasing an additional 37,308 shares during the quarter. Fifth Third Bancorp’s holdings in Cabot were worth $3,709,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Cabot during the 4th quarter valued at $49,662,000. AQR Capital Management LLC raised its position in shares of Cabot by 123.0% in the 2nd quarter. AQR Capital Management LLC now owns 867,946 shares of the specialty chemicals company’s stock worth $65,096,000 after buying an additional 478,702 shares during the period. UBS Group AG boosted its holdings in Cabot by 186.7% in the third quarter. UBS Group AG now owns 593,510 shares of the specialty chemicals company’s stock valued at $45,136,000 after acquiring an additional 386,514 shares during the last quarter. Pacer Advisors Inc. grew its position in Cabot by 3,165.7% during the fourth quarter. Pacer Advisors Inc. now owns 229,252 shares of the specialty chemicals company’s stock valued at $15,195,000 after acquiring an additional 222,232 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Cabot during the fourth quarter worth about $8,785,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Analyst Upgrades and Downgrades

CBT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Cabot from $68.00 to $70.00 and gave the stock an “underweight” rating in a report on Wednesday, May 13th. Mizuho boosted their target price on Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Truist Financial initiated 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. Finally, UBS Group lifted their price target on shares of Cabot from $81.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.80.

Cabot Trading Up 0.0%

NYSE:CBT opened at $90.40 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $86.31 and its two-hundred day moving average is $78.01. Cabot Corporation has a 52 week low of $58.33 and a 52 week high of $94.53. The company has a market cap of $4.67 billion, a PE ratio of 17.09, a P/E/G ratio of 11.89 and a beta of 0.83.

Cabot (NYSE:CBT) last posted its quarterly earnings results on Tuesday, May 5th. The specialty chemicals company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. Cabot had a net margin of 7.97% and a return on equity of 21.33%. The business had revenue of $904.00 million during the quarter, compared to analyst estimates of $900.30 million. During the same period in the previous year, the business posted $1.90 EPS. The company’s quarterly revenue was down 3.4% on a year-over-year basis. Cabot has set its FY 2026 guidance at 6.000-6.50 EPS. On average, analysts predict that Cabot Corporation will post 6.34 EPS for the current year.

Cabot Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a $0.4725 dividend. This represents a $1.89 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 28th. Cabot’s dividend payout ratio (DPR) is currently 35.73%.

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.