Snyder Capital Management LP Boosted Cabot Corp. (CBT) Position By $5.10 Million; Credit Acceptance Has 0.86 Sentiment

June 18, 2018 - By Peter Kolinski

Cabot Corporation (NYSE:CBT) Logo

Credit Acceptance Corp (CACC) investors sentiment decreased to 0.86 in 2018 Q1. It’s down -0.18, from 1.04 in 2017Q4. The ratio has worsened, as 75 active investment managers increased or opened new holdings, while 87 decreased and sold stakes in Credit Acceptance Corp. The active investment managers in our database now own: 11.67 million shares, down from 12.84 million shares in 2017Q4. Also, the number of active investment managers holding Credit Acceptance Corp in top ten holdings decreased from 15 to 14 for a decrease of 1. Sold All: 32 Reduced: 55 Increased: 46 New Position: 29.

Snyder Capital Management LP increased Cabot Corp. (CBT) stake by 14.31% reported in 2018Q1 SEC filing. Snyder Capital Management LP acquired 92,709 shares as Cabot Corp. (CBT)’s stock declined 8.91%. The Snyder Capital Management LP holds 740,516 shares with $41.26 million value, up from 647,807 last quarter. Cabot Corp. now has $3.91 billion valuation. The stock decreased 0.88% or $0.56 during the last trading session, reaching $63.29. About 254,259 shares traded. Cabot Corporation (NYSE:CBT) has risen 11.28% since June 18, 2017 and is uptrending. It has underperformed by 1.29% the S&P500. Some Historical CBT News: ; 17/04/2018 – Cabot Corp Expands Specialty Compounds Business Globally; 19/04/2018 – Cabot Energy Reports Widened Pretax Loss in 2017; 26/03/2018 – Cabot Corporation Receives Responsible Care RC14001® Certification in Tianjin, China; 19/04/2018 – CABOT, IFIS ARE SAID IN TALKS TO BUY ITALY DEBT COLLECTOR FBS; 22/03/2018 – The country has been accused of ethnic cleansing, according to Bridget Welsh of John Cabot University; 07/05/2018 – Cabot Corporation Named to CR Magazine’s 100 Best Corporate Citizens List for 2018; 23/04/2018 – Cabot Corp Names Erica McLaughlin CFO; 17/04/2018 – MIDWEST ENERGY EMISSIONS- UNDER AGREEMENT, CABOT HAS EXCLUSIVE ACCESS TO ME(2)C’S EXTENSIVE PATENTED TECHNOLOGIES FOR DEVELOPING MARKETS ACROSS EUROPE; 29/05/2018 – Moody’s Assigns Issuer Rating Of A1 To Cabot, Ar; 19/03/2018 – PRESS RELEASE – VENADO OIL & GAS AND KKR ACQUIRE CABOT EAGLE FORD ASSETS

Ratings analysis reveals 0 of Credit Acceptance Corp.’s analysts are positive. Out of 2 Wall Street analysts rating Credit Acceptance Corp., 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. CACC was included in 2 notes of analysts from September 6, 2016. The stock has “Sell” rating by Compass Point on Tuesday, September 6. The rating was initiated by Susquehanna with “Neutral” on Monday, January 23.

More recent Credit Acceptance Corporation (NASDAQ:CACC) news were published by: Nasdaq.com which released: “Credit Acceptance Named #4 Midsize Company on IDG’s Computerworld 2018 List of Best Places to Work in IT” on June 18, 2018. Also Globenewswire.com published the news titled: “Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing” on May 24, 2018. Nasdaq.com‘s news article titled: “Recent Analysis Shows Credit Acceptance, Hanmi Financial, Upland Software, John B. Sanfilippo & Son, Green, and …” with publication date: May 25, 2018 was also an interesting one.

Since January 1, 0001, it had 0 insider buys, and 3 insider sales for $1.83 million activity.

Abrams Bison Investments Llc holds 48.09% of its portfolio in Credit Acceptance Corporation for 930,000 shares. Prescott General Partners Llc owns 2.22 million shares or 30.64% of their US portfolio. Moreover, Smith Thomas W has 26.93% invested in the company for 110,678 shares. The Connecticut-based Goodnow Investment Group Llc has invested 10.65% in the stock. Bloombergsen Inc., a Ontario – Canada-based fund reported 425,571 shares.

Credit Acceptance Corporation provides financing programs, and related services and products to automobile dealers in the United States. The company has market cap of $7.16 billion. It advances money to dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps various amounts collected from the consumers. It has a 14.47 P/E ratio. The firm also engages in the business of reinsuring coverage under vehicle service contracts sold to clients by dealers on vehicles financed by the company.

Analysts await Credit Acceptance Corporation (NASDAQ:CACC) to report earnings on July, 30. They expect $6.47 EPS, up 23.95% or $1.25 from last year’s $5.22 per share. CACC’s profit will be $125.57 million for 14.26 P/E if the $6.47 EPS becomes a reality. After $6.11 actual EPS reported by Credit Acceptance Corporation for the previous quarter, Wall Street now forecasts 5.89% EPS growth.

The stock increased 2.20% or $7.93 during the last trading session, reaching $369.08. About 65,666 shares traded. Credit Acceptance Corporation (CACC) has risen 65.09% since June 18, 2017 and is uptrending. It has outperformed by 52.52% the S&P500. Some Historical CACC News: ; 18/04/2018 – Credit Acceptance Volume Jumps More Than Eight Times Average; 29/03/2018 – Credit Acceptance Named to the 2018 Best Workplaces in Financial Services & Insurance List by Great Place to Work® and FORTUNE; 12/03/2018 Credit Acceptance’s Kathy Kantzer Receives an Inaugural Great Place to Work® for All™ Leadership Award; 24/05/2018 – Credit Acceptance Announces Completion of $450.0 Million Asset-Backed Financing; 23/04/2018 – DJ Credit Acceptance Corporation, Inst Holders, 1Q 2018 (CACC); 03/05/2018 – CREDIT ACCEPTANCE 1Q CONSUMER LOAN UNIT VOL. +18.5%; 17/05/2018 – Credit Acceptance Favored by 5 Hedge Funds, 13Fs Show; 03/05/2018 – Credit Acceptance 1Q Rev $295.6M; 10/05/2018 – CREDIT ACCEPTANCE – ADDED NEW LENDER TO WAREHOUSE FACILITY IV & INCREASED AMOUNT OF FACILITY TO $250.0 MLN; 09/05/2018 – Moody’s Assigns Provisional Ratings To Credit Acceptance Auto Loan Trust 2018-2

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.23, from 1.07 in 2017Q4. It worsened, as 13 investors sold CBT shares while 112 reduced holdings. 34 funds opened positions while 71 raised stakes. 51.35 million shares or 0.74% less from 51.73 million shares in 2017Q4 were reported. Balyasny Asset Management Limited Liability Com holds 0.01% of its portfolio in Cabot Corporation (NYSE:CBT) for 57,974 shares. Dimensional Fund Lp reported 1.52 million shares or 0.04% of all its holdings. Moreover, Envestnet Asset has 0% invested in Cabot Corporation (NYSE:CBT). Opus Capital Group Limited stated it has 35,024 shares. 9,774 are held by Hsbc Holdg Public Limited. 435,000 were accumulated by Scopus Asset Management Lp. Ohio-based Huntington National Bank has invested 0% in Cabot Corporation (NYSE:CBT). Profund Advsrs Ltd Com accumulated 0.02% or 9,246 shares. Millennium Management Limited Liability Company holds 0.02% in Cabot Corporation (NYSE:CBT) or 202,022 shares. Old Mutual Glob Investors (Uk) reported 119,368 shares. Schroder Management Group holds 14,981 shares. Fincl Counselors Incorporated stated it has 14,303 shares or 0.04% of all its holdings. Foster Motley reported 0.39% stake. 350 are held by First Manhattan. Parkside Fincl Bank And Tru reported 232 shares.

Since May 14, 2018, it had 1 insider buy, and 10 selling transactions for $23.86 million activity. Prevost Patrick M. sold $7.64 million worth of Cabot Corporation (NYSE:CBT) on Monday, May 14. 2,000 shares were bought by Morrow Michael M, worth $123,580. Shares for $612,300 were sold by von Gottberg Friedrich. BERUBE BRIAN A sold $440,853 worth of Cabot Corporation (NYSE:CBT) on Thursday, May 31. Keohane Sean D sold $3.75M worth of Cabot Corporation (NYSE:CBT) on Tuesday, June 5. Kalkstein Hobart sold $264,706 worth of Cabot Corporation (NYSE:CBT) on Thursday, June 7. The insider Kelly James Patrick sold $160,200.

Snyder Capital Management LP decreased Mid (NYSE:MAA) stake by 6,063 shares to 73,074 valued at $6.67M in 2018Q1. It also reduced Entegris Inc. (NASDAQ:ENTG) stake by 23,443 shares and now owns 2.98M shares. Ingredion Inc. (NYSE:INGR) was reduced too.

More news for Cabot Corporation (NYSE:CBT) were recently published by: Equitiesfocus.com, which released: “Insider Selling: Cabot Corp (NYSE:CBT) Insider Sells 4149 Shares of Stock” on June 18, 2018. Nasdaq.com‘s article titled: “Nexeo Solutions Named Distributor in Canada for Cabot Corporation” and published on June 14, 2018 is yet another important article.

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, December 19, the company rating was upgraded by SunTrust. The company was maintained on Tuesday, October 31 by KeyBanc Capital Markets. The stock has “Buy” rating by Jefferies on Thursday, November 2. Jefferies maintained the shares of CBT in report on Tuesday, October 10 with “Buy” rating. The firm has “Buy” rating given on Thursday, December 10 by BB&T Capital. As per Monday, March 14, the company rating was downgraded by JP Morgan. The rating was maintained by Jefferies with “Buy” on Monday, August 14. The firm has “Hold” rating by Deutsche Bank given on Friday, August 12. On Tuesday, April 17 the stock rating was maintained by Robert W. Baird with “Hold”. Robert W. Baird upgraded the stock to “Buy” rating in Wednesday, May 9 report.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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