|Bid||45.73 x 800|
|Ask||45.78 x 800|
|Day's Range||44.78 - 45.86|
|52 Week Range||39.57 - 67.80|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||10.19|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||1.40 (3.51%)|
|1y Target Est||59.57|
Cabot Corporation (CBT) today announced that it priced a public offering of $300 million of 4.00% senior unsecured notes due 2029. Cabot will pay interest on the notes semiannually on January 1 and July 1 of each year, beginning January 1, 2020. Cabot intends to use the net proceeds of the offering to repay a portion of its outstanding commercial paper and the remainder, if any, for working capital and other general corporate purposes.
Moody's Investors Service has assigned a Baa2 rating to Cabot Corporation's (Baa2 stable) proposed senior unsecured notes. Cabot's Baa2 senior unsecured rating and stable outlook remain unaffected by the notes issuance. The proposed USD300 million notes will be used to repay a portion of Cabot's outstanding commercial paper, improving its liquidity and debt maturity profile.
Moody's Investors Service ("Moody's") says Cabot Corporation's (Baa2 stable) financial flexibility is likely to weaken as a result of recent corporate actions, including the arrangement of a new subsidiary debt and accelerated share repurchases, coupled with weaker earnings expectation due to a slowing economy. Cabot Corporation (Cabot) is a global supplier of commodity and specialty materials. Cabot's principal products are rubber and specialty grade carbon blacks, fumed metal oxides, inkjet colorants, aerogels, and cesium formate drilling fluids.
Today we'll evaluate Cabot Corporation (NYSE:CBT) to determine whether it could have potential as an investment idea...
Investment firm First Pacific Advisors (Trades, Portfolio) disclosed 10 new positions in its first-quarter portfolio, which was released earlier this month. Warning! GuruFocus has detected 1 Warning Sign with UNVR. Based on these criteria, the firm's top five new buys for the quarter were Univar Inc. (UNVR), Cabot Corp. (CBT), Cheesecake Factory Inc. (CAKE), LGI Homes Inc. (LGIH) and Vail Resorts Inc. (MTN).
Cabot Corp NYSE:CBTView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for CBT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $1.70 billion over the last one-month into ETFs that hold CBT are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Could Cabot Corporation (NYSE:CBT) be an attractive dividend share to own for the long haul? Investors are often drawn...
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Corporate Responsibility Magazine (CR Magazine) has named Cabot Corporation (CBT) to its 20th annual 100 Best Corporate Citizens list, recognizing outstanding environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest publicly traded U.S. companies. Cabot ranked #47 on the 2019 list. “We are very pleased to be recognized for our ESG efforts two years in a row, and to be in the top 50 this year is an honor,” said Martin O’Neill, senior vice president, safety, health and environment, Cabot Corporation.
Cabot Corporation (CBT) today announced that Christine Yan has been elected to its Board of Directors, effective today. Ms. Yan recently retired from the position of vice president of integration at Stanley Black & Decker where she led the company’s successful integration of Nelson Fastener Systems. Prior to this role, Ms. Yan served as President – Asia for Stanley Black & Decker based in Shanghai, China and President – Stanley Storage and Workspace Systems.
Cabot Corporation (CBT) today announced that president and chief executive officer Sean Keohane has joined more than 600 CEOs in signing the CEO Action for Diversity & Inclusion™ pledge. This move underscores Cabot’s commitment to advancing diversity and inclusion while creating an inclusive workplace where all employees can contribute, thrive and advance. “Diversity and inclusion have long been an integral part of our values here at Cabot, and I am proud to continue our commitment by joining the other signatories in this pledge to further D&I throughout our organization as well as influence those we work and partner with,” said Keohane.
On Wednesday, May 8, 2019, the Board of Directors of Cabot Corporation (CBT) declared a quarterly dividend of $0.35 per share on all outstanding shares of the Corporation’s common stock. The dividend is payable on June 14, 2019, to stockholders of record at the close of business on May 31, 2019. Cabot Corporation (CBT) is a global specialty chemicals and performance materials company, headquartered in Boston, Massachusetts.
Cabot Corporation (CBT) today announced that all four of its operating carbon black and fumed silica manufacturing sites in China have successfully completed the Responsible Care 14001 (RC14001) certification process. RC14001 is the globally recognized gold standard for safety & health, environmental and security management systems established by the American Chemistry Council’s (ACC) Responsible Care program. The Cabot China certifications are the first independent third party RC14001 Certifications to be recognized by the Certification and Accreditation Administration of the People’s Republic of China (CNCA) as well as the ACC.
Cabot (CBT) delivered earnings and revenue surprises of 1.02% and -6.84%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?