Fiduciary Trust Company Lifted Cabot Corp (CBT) Stake by $7.66 Million

June 28, 2018 - By Kenneth Lin

Cabot Corporation (NYSE:CBT) LogoInvestors sentiment decreased to 0.84 in 2018 Q1. Its down 0.23, from 1.07 in 2017Q4. It dived, 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. Rhumbline Advisers has 114,345 shares for 0.01% of their portfolio. Moreover, Lsv Asset Management has 0.26% invested in Cabot Corporation (NYSE:CBT) for 2.98 million shares. Barrow Hanley Mewhinney Strauss Ltd Com holds 421 shares. Tower Capital (Trc) reported 11,419 shares or 0.05% of all its holdings. First Personal Financial Serv invested in 617 shares or 0.01% of the stock. American Century reported 86,036 shares stake. Bailard reported 7,400 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv owns 22,861 shares. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma holds 376,986 shares or 0.38% of its portfolio. Cornerstone Advsr stated it has 17 shares. Schroder Invest Mngmt Gru invested in 0% or 14,981 shares. Gemmer Asset Mgmt Llc has invested 0% in Cabot Corporation (NYSE:CBT). South Dakota Inv Council stated it has 12,000 shares or 0.02% of all its holdings. Cabot has invested 14.52% of its portfolio in Cabot Corporation (NYSE:CBT). Victory Capital Management owns 1.00M shares.

Since May 14, 2018, it had 1 insider buy, and 10 sales for $23.86 million activity. Prevost Patrick M. had sold 123,883 shares worth $7.64 million. $3.75M worth of Cabot Corporation (NYSE:CBT) shares were sold by Keohane Sean D. $259,080 worth of Cabot Corporation (NYSE:CBT) was sold by von Gottberg Friedrich on Wednesday, May 16. On Wednesday, June 6 the insider Kelly James Patrick sold $160,200. 7,311 shares were sold by BERUBE BRIAN A, worth $440,853 on Thursday, May 31. Morrow Michael M also bought $123,580 worth of Cabot Corporation (NYSE:CBT) shares.

Fiduciary Trust Company increased its stake in Cabot Corp (CBT) by 12.04% based on its latest 2018Q1 regulatory filing with the SEC. Fiduciary Trust Company bought 139,192 shares as the company’s stock declined 8.91% with the market. The institutional investor held 1.30 million shares of the major chemicals company at the end of 2018Q1, valued at $72.18M, up from 1.16M at the end of the previous reported quarter. Fiduciary Trust Company who had been investing in Cabot Corp for a number of months, seems to be bullish on the $3.77 billion market cap company. The stock decreased 0.80% or $0.49 during the last trading session, reaching $60.96. About 25,468 shares traded. Cabot Corporation (NYSE:CBT) has risen 11.28% since June 28, 2017 and is uptrending. It has underperformed by 1.29% the S&P500.

Cabot Corporation (NYSE:CBT) Ratings Coverage

Among 6 analysts covering Cabot (NYSE:CBT), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Cabot has $120.0 highest and $6700 lowest target. $84.40’s average target is 38.45% above currents $60.96 stock price. Cabot had 8 analyst reports since January 5, 2018 according to SRatingsIntel. The rating was upgraded by Loop Capital to “Buy” on Friday, January 5. The rating was maintained by Jefferies with “Buy” on Thursday, February 8. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, April 17. The rating was upgraded by Robert W. Baird to “Buy” on Wednesday, May 9. The stock of Cabot Corporation (NYSE:CBT) earned “Buy” rating by Northcoast on Monday, February 12.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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