Virtu Financial LLC Makes New Investment in Cabot Co. (NYSE:CBT)

Virtu Financial LLC purchased a new position in shares of Cabot Co. (NYSE:CBT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,089 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

Several other large investors also recently bought and sold shares of CBT. EverSource Wealth Advisors LLC boosted its position in shares of Cabot by 143.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 333 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 196 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Cabot during the 4th quarter worth about $34,000. Hexagon Capital Partners LLC boosted its position in shares of Cabot by 81.8% during the 4th quarter. Hexagon Capital Partners LLC now owns 460 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 207 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Cabot by 372.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 505 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 398 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Cabot during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CBT shares. Mizuho upped their price objective on Cabot from $104.00 to $109.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. UBS Group upped their target price on Cabot from $100.00 to $103.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft cut Cabot from a “buy” rating to a “hold” rating and upped their target price for the company from $88.00 to $95.00 in a research report on Thursday, April 18th. Finally, StockNews.com raised Cabot from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.80.

Insiders Place Their Bets

In other news, SVP Karen A. Kalita sold 13,764 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $101.73, for a total transaction of $1,400,211.72. Following the completion of the transaction, the senior vice president now directly owns 34,312 shares of the company’s stock, valued at approximately $3,490,559.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.07% of the stock is owned by insiders.

Cabot Stock Up 0.0 %

Cabot stock opened at $95.52 on Friday. Cabot Co. has a twelve month low of $63.73 and a twelve month high of $103.49. The stock has a 50 day moving average of $97.79 and a two-hundred day moving average of $88.04. The company has a current ratio of 2.24, a quick ratio of 1.47 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.97 and a beta of 1.26.

Cabot (NYSE:CBT) last posted its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Cabot had a return on equity of 26.21% and a net margin of 11.51%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts expect that Cabot Co. will post 6.78 earnings per share for the current year.

Cabot Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.80%. This is a boost from Cabot’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 31st. Cabot’s dividend payout ratio (DPR) is presently 21.77%.

Cabot Company Profile

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.