Fiduciary Trust Company Increased Its Stake in Cabot Corp (CBT)

June 27, 2018 - By Fidelia Bagby

Cabot Corporation (NYSE:CBT) Corporate LogoBig Money Sentiment decreased to 0.84 in 2018 Q1. It has change of 0.23, from 2017Q4’s 1.07. The ratio dived due to CBT positioning: 13 sold and 112 reduced. 34 funds took positions and 71 increased positions. Investors holded 51.73 million in 2017Q4 but now own 51.35 million shares or 0.74% less. 57,232 are held by Amundi Pioneer Asset. Eaton Vance holds 0% of its capital in Cabot Corporation (NYSE:CBT) for 14,265 shs. Wells Fargo And Company Mn owns 0% invested in Cabot Corporation (NYSE:CBT) for 148,158 shs. M&T Savings Bank Corp holds 0% in Cabot Corporation (NYSE:CBT) or 12,930 shs. Advantus Cap Management reported 7,530 shs. Jpmorgan Chase And has 550,290 shs for 0.01% of their capital. Canada Pension Plan Board invested 0% of its capital in Cabot Corporation (NYSE:CBT). Ajo Lp has invested 0.4% in Cabot Corporation (NYSE:CBT). Bailard has invested 0.03% of its capital in Cabot Corporation (NYSE:CBT). Foundry Partners Limited Company stated it has 202,306 shs or 0.48% of all its holdings. Whittier Tru stated it has 96 shs. Legal & General Gp Public Limited Company holds 0% in Cabot Corporation (NYSE:CBT) or 84,160 shs. Moreover, Ubs Oconnor Lc has 0% invested in Cabot Corporation (NYSE:CBT). Art Advisors Limited Liability Corp holds 4,300 shs. Smithfield Tru Com holds 45 shs.

CBT registered $23.86 million net activity with 1 insider purchase and 10 insider sales since May 14, 2018. On Tuesday, June 5 Keohane Sean D sold $3.75M worth of Cabot Corporation (NYSE:CBT). On Wednesday, June 6 $160,200 worth of stock was sold by Kelly James Patrick. The insider Kalkstein Hobart sold $264,706. Morrow Michael M bought $123,580 worth of Cabot Corporation (NYSE:CBT) or 2,000 shs on Friday, June 1. $259,080 worth of stock was sold by von Gottberg Friedrich on Wednesday, May 16. Cross Nicholas S. sold $937,416 worth of stock.

Fiduciary Trust Company rose its stake by 12.04% in Cabot Corp (CBT), according to 2018Q1 Securities and Exchange form. 139,192 shares were bought by Fiduciary Trust Company as the company’s stock declined 8.91% with the market. The major chemicals company at the end of 2018Q1 was priced at $72.18 million. It’s up from 1.16M at the end of the previous reported quarter. Now it had 1.30M shares held by the institutional investor . For a total of 529,510 shares it reduced its holding in Ishares Tr (CSJ) by 57,387 shares in the quarter, and has cut its stake in Ishares Tr (IVV).

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%. The firm has $120.0 highest while $6700 is the lowest target. The average target $84.40 is 35.47% above the last ($62.3) price. Since January 5, 2018 according to StockzIntelligence Inc Cabot has 8 analyst reports. On Friday, January 5 the rating was upgraded by Loop Capital to “Buy”. On Wednesday, May 9 the stock has “Buy” rating by Robert W. Baird. On Tuesday, April 17 the firm has “Hold” rating by Robert W. Baird given. On Monday, February 12 Northcoast maintained the shares of CBT in report with “Buy” rating. In Thursday, February 8 report Jefferies maintained it with “Buy” rating and $78.0 target.

Cabot Corporation (NYSE:CBT) Institutional Investors Chart

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