Wedge Capital Management L L P NC Purchases 274 Shares of Cabot Co. (NYSE:CBT)

Wedge Capital Management L L P NC boosted its position in shares of Cabot Co. (NYSE:CBT) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,746 shares of the specialty chemicals company’s stock after buying an additional 274 shares during the period. Wedge Capital Management L L P NC owned approximately 0.09% of Cabot worth $4,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBT. Arizona State Retirement System lifted its stake in shares of Cabot by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 15,986 shares of the specialty chemicals company’s stock valued at $1,107,000 after purchasing an additional 166 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Cabot by 0.5% in the 4th quarter. Raymond James & Associates now owns 42,103 shares of the specialty chemicals company’s stock valued at $3,516,000 after purchasing an additional 225 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Cabot by 7.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,494 shares of the specialty chemicals company’s stock valued at $311,000 after purchasing an additional 328 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of Cabot in the 4th quarter valued at approximately $34,000. Finally, HighTower Advisors LLC lifted its stake in shares of Cabot by 5.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,180 shares of the specialty chemicals company’s stock valued at $559,000 after purchasing an additional 423 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cabot news, EVP Jeff Ji Zhu sold 55,233 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $79.91, for a total transaction of $4,413,669.03. Following the transaction, the executive vice president now directly owns 97,201 shares in the company, valued at approximately $7,767,331.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.07% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CBT shares. Mizuho started coverage on Cabot in a research note on Wednesday, March 27th. They issued a “buy” rating and a $104.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered Cabot from a “buy” rating to a “hold” rating and raised their price objective for the company from $88.00 to $95.00 in a research note on Thursday, April 18th. UBS Group downgraded Cabot from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Finally, StockNews.com downgraded Cabot from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cabot currently has a consensus rating of “Moderate Buy” and an average target price of $90.17.

Cabot Trading Up 0.0 %

Shares of NYSE CBT opened at $93.42 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.30 and a current ratio of 2.04. The business’s 50 day moving average price is $88.80 and its 200-day moving average price is $80.17. Cabot Co. has a fifty-two week low of $63.73 and a fifty-two week high of $98.34. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 0.99 and a beta of 1.28.

Cabot (NYSE:CBT) last released its quarterly earnings data on Monday, February 5th. The specialty chemicals company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.49 by $0.07. The company had revenue of $958.00 million for the quarter, compared to the consensus estimate of $927.28 million. Cabot had a return on equity of 25.52% and a net margin of 11.24%. On average, sell-side analysts expect that Cabot Co. will post 6.58 earnings per share for the current year.

About Cabot

Cabot Corporation operates as a specialty chemicals and performance materials company. The company operates through two segments, Reinforcement Materials and Performance Chemicals. It offers reinforcing carbons that are used in tires as a rubber reinforcing agent and performance additive, as well as in industrial products, such as hoses, belts, extruded profiles, and molded goods; and engineered elastomer composites solutions.