Sentiment Change Report: Cabot Corp (NYSE:CBT) at 0.84

June 29, 2018 - By Catherine Smith

Cabot Corporation (NYSE:CBT) Corporate Logo

Positions for Cabot Corp (NYSE:CBT)

In Q1 2018 Cabot Corp (NYSE:CBT) big money sentiment decreased to 0.84, SEC filings reveal. So its down -0.23, from 2017Q4’s 1.07. 105 active investment managers started new or increased stock positions, while 125 trimmed and sold positions in Cabot Corp so the sentiment fall. Funds own 51.35 million shares, down from 51.73 million shares in 2017Q4. Funds holding Cabot Corp in top 10 changed to 2 from 3 for a decrease of 1. In total 13 funds closed positions, 112 reduced and 71 increased. Also 34 funds bought new Cabot Corp stakes.

Biggest Cabot Corp Shareholders

As of Q1 2018 Cabot has 14.52% invested in Cabot Corp. Cabot Corp’s shareholder Fiduciary Trust Co owns 1.30 million shares as of Q1 2018. Snyder Capital Management L P reported 740,516 shares. Zpr Investment Management revealed 23,482 shares position in Cabot Corp. The Texas-based fund Hillcrest Asset Management Llc looks positive on Cabot Corp, having 148,507 shares.

Cabot Corporation operates as a specialty chemicals and performance materials company.The firm is valued at $3.85 billion. The firm offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods.Last it reported negative earnings. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Ticker’s shares touched $62.26 during the last trading session after 1.40% change.Cabot Corporation has volume of 72,852 shares. Since June 29, 2017 CBT has risen 11.28% and is uptrending. The stock underperformed the S&P 500 by 1.29%.

On August, 7 WallStreet awaited Cabot Corporation (NYSE:CBT)’s earnings release, as reported by Faxor. Analysts have expectation on stock’s earnings per share of $1.04. That’s up 28.40 % from last year’s $0.81 earnings per share. If earnings per share of $1.04 is announced the profit of CBT could hit $64.29M giving it 14.97 P/E. After $1.04 earnings per share was announced last quarter, analysts now see EPS growth of 0.00 % for Cabot Corporation.

Parkside Natl Bank & has 0% invested in Cabot Corporation (NYSE:CBT). Hillcrest Asset Ltd Liability Corp, Texas-based fund reported 148,507 shs. Wells Fargo Mn reported 148,158 shs stake. Kennedy Cap reported 66,437 shs. Royal Retail Bank Of Canada accumulated 44,268 shs. Thompson Rubinstein Investment Mgmt Or holds 4,800 shs. Counselors accumulated 14,303 shs or 0.04% of the stock. Howe And Rusling invested in 53 shs or 0% of the stock. Point72 Asia (Hong Kong) reported 1,248 shs. Amalgamated National Bank reported 0.02% stake. 3,535 are held by Ls Inv Advsr Ltd Llc. Ubs Asset Mngmt Americas has invested 0% in Cabot Corporation (NYSE:CBT). Louisiana State Employees Retirement System holds 0.04% or 16,200 shs in its capital. Keybank Natl Association Oh holds 0.01% or 17,200 shs. Great West Life Assurance Can reported 0% in Cabot Corporation (NYSE:CBT).

Cabot Corporation registered $23.86 million net activity with 1 buying transaction and 10 insider sales since May 14, 2018. The insider Prevost Patrick M. sold 123,883 shs worth $7.64M. Shares for $937,416 were sold by Cross Nicholas S. on Monday, May 14. Kalkstein Hobart sold $264,706 worth of Cabot Corporation (NYSE:CBT) or 4,149 shs on Thursday, June 7. The insider Keohane Sean D sold $3.75M. von Gottberg Friedrich had sold 4,212 shs worth $259,080 on Wednesday, May 16. On Friday, June 1 $123,580 worth of stock was bought by Morrow Michael M.

Cabot Corporation (NYSE:CBT) Ratings Coverage

Total analysts of 6 have positions in Cabot (NYSE:CBT) as follows: 6 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since January 5, 2018 according to StockzIntelligence Inc Cabot has 8 analyst reports. On Tuesday, April 17 the firm earned “Hold” rating by Robert W. Baird. On Wednesday, May 9 the stock has “Buy” rating by Robert W. Baird. On Thursday, February 8 the rating was maintained by Jefferies with “Buy”. On Monday, February 12 the stock has “Buy” rating by Northcoast. On Friday, January 5 Loop Capital upgraded Cabot Corporation (NYSE:CBT) to “Buy” rating.

Another two news for Cabot Corporation (NYSE:CBT) were recently posted by: on June 29, 2018 with title “Report: Exploring Fundamental Drivers Behind Ashford Hospitality Trust, Apogee Enterprises, Airgain, Cabot …”. The other‘s article was titled “Nexeo Solutions Named Distributor in Canada for Cabot Corporation” and posted on June 14, 2018.

Cabot Corporation (NYSE:CBT) Institutional Investors Chart

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