American Century Companies Adds $20M in Cabot Corporation ($CBT)
American Century Companies raised its stake in Cabot Corporation by 10.8% to over 2.23 million shares.
Key Points
- American Century Companies increased its holdings in Cabot Corporation by 217,569 shares, a 10.8% boost, reaching 2,237,491 shares valued at $202.9 million.
- Cabot Corporation shares traded near $90.70 on Tuesday with a market cap of $4.68 billion and a P/E ratio of 17.11.
- Insiders at Cabot Corporation, including CEO Sean Keohane, bought shares on June 12, 2026, while analysts from Truist Securities initiated a 'buy' rating with a $98 target.
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American Century Companies has increased its holdings in Cabot Corporation (NYSE:CBT) by 217,569 shares, according to its latest Form 13F filing with the SEC. This move represents a 10.8% boost in its position, bringing the total to 2,237,491 shares valued at approximately $202.9 million as of the reporting period.
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What Changed in American Century Companies' Cabot Position
American Century Companies added 217,569 shares to its Cabot Corporation holdings, marking a 10.8% increase. The fund now holds 2,237,491 shares, up from 2,019,922 shares, with a reported value of $202.9 million.
Other Institutional Activity in Cabot Corporation
Among other institutional investors, BlackRock, Inc. trimmed its Cabot stake by 8,938 shares, now holding 6,616,051 shares valued at $498.3 million. Wellington Management Group LLP reduced its position by 185,397 shares, lowering its holdings by 4.9% to 3,566,172 shares worth $268.6 million. On the other hand, Earnest Partners LLC increased its stake by 52,703 shares, a 1.7% rise, bringing its total to 3,158,617 shares valued at $237.9 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 3,121,342 and 2,324,307 shares, respectively.
Cabot Corporation Stock Up 8.0%
Shares of NYSE:CBT traded near $90.70 on Tuesday. Cabot Corporation has a market capitalization of $4.68 billion, with a P/E ratio of 17.11 and a forward P/E of 12.96. The stock's 52-week range is between $58.33 and $93.15. It has a 50-day moving average of $81.08 and a 200-day moving average of $73.43. The company maintains a current ratio of 1.45 and a quick ratio of 0.85, with a debt-to-equity ratio of 77.71.
$CBT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Cabot Corporation reported revenue of $3.58 billion, showing a slight decline of 3.4% from the previous period. The company achieved an earnings per share (EPS) of 5.3 and a net margin of 7.97%. Its return on equity (ROE) stood at 19.96%. The next earnings release is scheduled for August 3, 2026.
Dividend
Cabot Corporation offers an annual dividend rate of $1.82, yielding 1.99% with a payout ratio of 33.96%.
Insider Buying and Selling at Cabot Corporation
Several insiders at Cabot Corporation, including President and CEO Sean Keohane, purchased shares on June 12, 2026. Keohane acquired 256 shares at an average price of $87.65. Other insiders, such as Senior Vice President William Masterson III and Executive Vice President CFO Erica McLaughlin, also bought shares on the same day.
Analysts Set New Price Targets
On June 8, 2026, Truist Securities initiated coverage on Cabot Corporation with a 'buy' rating and a price target of $98. JP Morgan maintained a 'sell' rating with a $70 target on May 13, while UBS and Mizuho both held 'hold' ratings with targets of $86 and $80, respectively, earlier in May. The consensus among analysts is a 'buy' recommendation, with a mean target price of $86.83.
About Cabot Corporation
Cabot Corporation, headquartered in Boston, Massachusetts, is a global specialty chemicals and performance materials company. It operates through two main segments: Reinforcement Materials and Performance Chemicals. Cabot provides products such as reinforcing carbons, specialty carbons, conductive additives, and fumed silica, serving industries from automotive to electronics. The company, led by CEO Sean Keohane, employs around 4,064 people worldwide.
Bottom Line
American Century Companies' increase in Cabot Corporation shares reflects its confidence in the specialty chemicals company. Investors often track such moves to gauge institutional sentiment. Remember, 13F filings are historical and may not represent current positions.
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