Hsbc Holdings PLC Buys New Position in Cabot Corporation $CBT

Hsbc Holdings PLC bought a new stake in shares of Cabot Corporation (NYSE:CBT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,575 shares of the specialty chemicals company’s stock, valued at approximately $1,690,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS Group AG raised its holdings in Cabot by 3.5% in the 4th quarter. UBS Group AG now owns 614,178 shares of the specialty chemicals company’s stock worth $40,708,000 after purchasing an additional 20,668 shares during the period. Lazard Asset Management LLC grew its holdings in Cabot by 96.2% during the first quarter. Lazard Asset Management LLC now owns 43,219 shares of the specialty chemicals company’s stock valued at $3,255,000 after purchasing an additional 21,194 shares during the period. Denali Advisors LLC purchased a new stake in Cabot in the fourth quarter worth about $5,531,000. BlackRock Inc. purchased a new stake in Cabot in the second quarter worth about $633,302,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Cabot in the second quarter worth about $4,528,000. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Cabot Stock Up 0.0%

Shares of CBT opened at $83.67 on Monday. The business’s 50 day moving average is $87.62 and its 200 day moving average is $81.24. The company has a market capitalization of $4.32 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 10.98 and a beta of 0.84. Cabot Corporation has a 12-month low of $58.33 and a 12-month high of $94.53. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Cabot (NYSE:CBT) last posted its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The business had revenue of $982.00 million during the quarter, compared to the consensus estimate of $943.16 million. During the same period in the prior year, the company posted $1.90 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Research analysts expect that Cabot Corporation will post 6.35 earnings per share for the current fiscal year.

Cabot Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be paid a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. Cabot’s dividend payout ratio (DPR) is presently 53.24%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Cabot from $70.00 to $78.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. UBS Group lowered their price target on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Mizuho upped their price target on shares of Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Cabot in a research note on Friday, August 21st. Finally, Truist Financial set a $100.00 price objective on shares of Cabot in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $89.00.

Insider Transactions at Cabot

In other Cabot news, CEO Sean D. Keohane sold 2,779 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $85.50, for a total value of $237,604.50. Following the sale, the chief executive officer owned 288,873 shares in the company, valued at $24,698,641.50. The trade was a 0.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.08% of the company’s stock.

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.