November 23, 2016 - By Hazel Jackson
Patrick Prevost is the director of Cabot Corp. He a few days ago unloaded 51,000 shares in the Pinksheet-listed Cabot Corp with the transaction value totalling roughly $2,666,280 U.S. Dollars. This number is according to the documented price of $52.3 per each share. This is not his first insider trade, in the last 30 days, he sold another 50,000 shares worth $2,593,390 USD. The chance of this stocks unloading staying a secret is very low as it’s huge one, with Patrick Prevost now holding 271,168 shares — that is 0.44% of the Company’s stock market value.
Out of 6 analysts covering Cabot (NYSE:CBT), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $55 is the highest target while $37.0 is the lowest. The $52.25 average target is 1.20% above today’s ($51.63) stock price. Cabot has been the topic of 9 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 12 by Deutsche Bank. BB&T Capital initiated the shares of CBT in a report on Thursday, December 10 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, August 2 by SunTrust. The company was maintained on Wednesday, November 11 by Deutsche Bank. As per Monday, March 14, the company rating was downgraded by JP Morgan. The stock of Cabot Corp (NYSE:CBT) earned “Sector Weight” rating by KeyBanc Capital Markets on Monday, April 11. The stock has “Sell” rating given by Zacks on Tuesday, September 1. The rating was maintained by Deutsche Bank with “Hold” on Thursday, August 13.
Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.15, from 1.09 in 2016Q1. The ratio fall, as 24 funds sold all Cabot Corp shares owned while 84 reduced positions. 22 funds bought stakes while 96 increased positions. They now own 52.28 million shares or 0.87% less from 52.74 million shares in 2016Q1.
Hutchin Hill Capital L P holds 0.05% or 30,100 shares in its portfolio. Cap One National Association holds 0.1% or 25,651 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in the company for 2,011 shares. The Connecticut-based Paloma Mgmt has invested 0.01% in Cabot Corp (NYSE:CBT). Gemmer Asset Mgmt Lc accumulated 0% or 172 shares. Moreover, Sandy Spring Financial Bank has 0% invested in Cabot Corp (NYSE:CBT) for 24 shares. The Ontario – Canada-based Breton Hill Cap Limited has invested 0.24% in Cabot Corp (NYSE:CBT). Legal & General Grp Public Limited Co last reported 0% of its portfolio in the stock. Ajo L P last reported 361,952 shares in the company. Aqr Mngmt Ltd Liability Company holds 0.13% or 1.66M shares in its portfolio. Primecap Comm Ca last reported 0.01% of its portfolio in the stock. Hanseatic Mngmt Inc has 17,885 shares for 0.31% of their US portfolio. Great West Life Assurance Co Can accumulated 0% or 8,194 shares. Moreover, State Of Tennessee Treasury Department has 0.01% invested in Cabot Corp (NYSE:CBT) for 42,200 shares. The Massachusetts-based Geode Cap Management Llc has invested 0.01% in Cabot Corp (NYSE:CBT).
Insider Transactions: Since July 12, 2016, the stock had 0 insider buys, and 10 insider sales for $9.72 million net activity. On Wednesday, August 24 the insider Prevost Patrick M. sold $2.37M. On Tuesday, August 23 BERUBE BRIAN A sold $822,765 worth of the stock or 16,489 shares. The insider Cross Nicholas S. sold $1.09 million. von Gottberg Friedrich sold $998,181 worth of stock or 19,553 shares. 2,500 shares with value of $127,375 were sold by Kelly James Patrick on Thursday, July 28. On Tuesday, August 23 the insider CORDEIRO EDUARDO E sold $1.35M.
About 141,316 shares traded hands. Cabot Corp (NYSE:CBT) has risen 6.93% since April 21, 2016 and is uptrending. It has outperformed by 1.60% the S&P500.
Cabot Corporation is a global specialty chemicals and performance materials company. The company has a market cap of $3.19 billion. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. It has a 21.94 P/E ratio. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids.
According to Zacks Investment Research, “Cabot Corporation is a global specialty chemicals and materials company. Cabot’s major products are carbon black, fumed silica, inkjet colorants, and aerogels. Cabot has manufacturing plants located in countries around the world. (Company Press Release)”
Analysts await Cabot Corp (NYSE:CBT) to report earnings on February, 6. They expect $0.69 earnings per share, up 35.29% or $0.18 from last year’s $0.51 per share. CBT’s profit will be $42.63 million for 18.71 P/E if the $0.69 EPS becomes a reality. After $1.00 actual earnings per share reported by Cabot Corp for the previous quarter, Wall Street now forecasts -31.00% negative EPS growth.
More recent Cabot Corp (NYSE:CBT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Cabot, Schweitzer-Mauduit International and Oceaneering ..” on November 18, 2016. Also Streetinsider.com published the news titled: “Form 4 CABOT CORP For: Nov 21 Filed by: Kelly James Patrick” on November 23, 2016. Zacks.com‘s news article titled: “Cabot Corp. (CBT): Stock Poised to Beat Earnings in Q4?” with publication date: October 28, 2016 was also an interesting one.
Cabot Corporation (Cabot), incorporated on July 14, 1960, is a global specialty chemicals and performance materials company. The Company’s principal products are rubber and specialty grade carbon blacks, fumed metal oxides, activated carbon, inkjet colorants, aerogel and cesium formate drilling fluids. The Firm operates through four divisions: Reinforcement Materials, Performance Chemicals, Purification Solutions and Specialty Fluids. It operates in three geographic regions: Americas Region; Europe, the Middle East and Africa (EMEA) Region, and Asia Pacific Region. Cabot and its affiliates have manufacturing facilities and activities in the United States and over 20 other countries. It focuses on creating particles with the composition, morphology, surface functionalities and formulations.
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