Cabot Corp (CBT) : Tradelink Capital added new position in Cabot Corp during the most recent quarter end. The investment management firm now holds 4,462 shares of Cabot Corp which is valued at $213,061 , the company said in a statement filed on Aug 1, 2016 with the SEC.Cabot Corp makes up approximately 0.99% of Tradelink Capital’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in CBT in the latest quarter, The investment management firm added 1,567 additional shares and now holds a total of 3,746 shares of Cabot Corp which is valued at $184,303. Cabot Corp makes up approx 0.01% of Ls Investment Advisors’s portfolio.Kanaly Trust Co boosted its stake in CBT in the latest quarter, The investment management firm added 16 additional shares and now holds a total of 434 shares of Cabot Corp which is valued at $21,353.Weaver C. Barksdale Associates boosted its stake in CBT in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 246 shares of Cabot Corp which is valued at $12,037. Cabot Corp makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.
Cabot Corp opened for trading at $47.77 and hit $48.34 on the upside on Thursday, eventually ending the session at $48.2, with a gain of 0.94% or 0.45 points. The heightened volatility saw the trading volume jump to 3,52,355 shares. Company has a market cap of $3,008 M.
On the company’s financial health, Cabot Corp reported $0.93 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.93. The company had revenue of $621.00 million for the quarter, compared to analysts expectations of $611.75 million. The company’s revenue was down -10.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.
Investors should note that on Jul 8, 2016, Cabot Corp announced a cash dividend of $0.3000. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Sep 9, 2016.
Many Wall Street Analysts have commented on Cabot Corp. Cabot Corp was Downgraded by SunTrust to ” Neutral” on Aug 2, 2016.
Cabot Corporation (Cabot) 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 Company operates through four segments: Reinforcement Materials Performance Chemicals Purification Solutions and Specialty Fluids. The Reinforcement Materials segment includes rubber blacks products which are used in tires and industrial products. The Company’s Performance Chemicals consists of two businesses: Specialty Carbons and Formulations business and Metal Oxides business. The Purification Solutions segment includes activated carbon products which are used as either a colorant or a decolorizing agent in the production of products for food and beverage applications. The Company’s Specialty Fluids segment produces and markets cesium formate as a drilling and completion fluid.