Martingale Asset Management LP Cut Stake in Cabot (CBT) by $3.22 Million; As Kbr (KBR) Market Value Rose, Shareholder Rk Capital Management Has Decreased Its Position

June 15, 2018 - By Linda Rogers

Cabot Corporation (NYSE:CBT) Logo

Martingale Asset Management LP decreased its stake in Cabot Corp (CBT) by 15.25% based on its latest 2018Q1 regulatory filing with the SEC. Martingale Asset Management LP sold 58,455 shares as the company’s stock declined 8.91% with the market. The institutional investor held 324,752 shares of the major chemicals company at the end of 2018Q1, valued at $18.10 million, down from 383,207 at the end of the previous reported quarter. Martingale Asset Management LP who had been investing in Cabot Corp for a number of months, seems to be less bullish one the $3.96B market cap company. The stock decreased 1.05% or $0.68 during the last trading session, reaching $63.97. About 208,679 shares traded. Cabot Corporation (NYSE:CBT) has risen 11.28% since June 15, 2017 and is uptrending. It has underperformed by 1.29% the S&P500. Some Historical CBT News: 23/04/2018 – CABOT CORP – CORDEIRO WILL REMAIN WITH CABOT IN ADVISORY CAPACITY THROUGH END OF YEAR TO ASSIST IN A SMOOTH TRANSITION; 27/03/2018 – Cabot Corporation Celebrates 30 Years of Success and Development in China; 07/05/2018 – Cabot Corporation Named to CR Magazine’s 100 Best Corporate Citizens List for 2018; 07/05/2018 – Cabot Corp 2Q Loss/Shr $2.80; 19/04/2018 – MEDIA-Cabot, lfis are said in talks to buy Italy debt collector FBS – Bloomberg; 11/04/2018 – Cabot Norit Activated Carbon Selected by the NYSDEC in the Town of Hoosick, New York for Use in Point of Entry Water Treatment System; 11/04/2018 – Cabot Norit Activated Carbon Selected by the NYSDEC in the Town of Hoosick, New York for Use in Point of Entry Water Treatment; 23/04/2018 – Cabot Corporation Announces Chief Financial Officer Eduardo Cordeiro to Retire and Appoints Erica McLaughlin as Chief Financial; 25/04/2018 – Cabot Norit Activated Carbon Introduces Interactive Carbon Selection Tool for Sediment Remediation Applications; 17/04/2018 – MIDWEST ENERGY REPORTS EUROPEAN LICENSING PACT WITH CABOT




Rk Capital Management Llc decreased its stake in Kbr Inc (KBR) by 50.11% based on its latest 2018Q1 regulatory filing with the SEC. Rk Capital Management Llc sold 266,900 shares as the company’s stock rose 13.13% while stock markets declined. The hedge fund held 265,700 shares of the basic industries company at the end of 2018Q1, valued at $4.30M, down from 532,600 at the end of the previous reported quarter. Rk Capital Management Llc who had been investing in Kbr Inc for a number of months, seems to be less bullish one the $2.52B market cap company. The stock decreased 2.11% or $0.385 during the last trading session, reaching $17.895. About 1.05 million shares traded. KBR, Inc. (NYSE:KBR) has risen 23.17% since June 15, 2017 and is uptrending. It has outperformed by 10.60% the S&P500. Some Historical KBR News: 19/04/2018 – ASPIRE DEFENCE FINANCE PLC SAYS CARILLION GUARANTEES HAVE BEEN RELEASED; 03/04/2018 – KBR – ITS JV COMPANY SELECTED BY AUSTRALIAN GOVERNMENT TO ESTABLISH & MANAGE AUSTRALIA’S NAVAL SHIPBUILDING COLLEGE; 14/05/2018 – KBR GETS EPCM CONTRACT BY BOC TO DEVELOP MAJNOON FIELD IN IRAQ; 14/03/2018 – KBR TO USE PROCEEDS FOR SGT BUY, REFINANCE DEBT, FUND JV; 25/04/2018 – KBR INC – EXPECTS TO RESUME A LOWERING OF ITS GROSS DEBT TO EBITDA LEVERAGE RATIO OVER TIME; 26/04/2018 – SAUDI ARAMCO AND SABIC AWARD SECOND CRUDE OIL-TO-CHEMICALS PROJECT MANAGEMENT CONTRACT TO KBR – STATEMENT; 03/04/2018 – Huntington lngalls Industries and KBR Awarded Contract to Establish and Manage Australia’s Naval Shipbuilding College; 14/03/2018 – KBR GETS COMBAT WATER SUPPLY SYSTEM CONTRACT FOR UK MOD; 07/05/2018 – KBR INC – ESTIMATED REVENUE WITH CONTRACT MODIFICATION TO BE BOOKED INTO BACKLOG OF UNFILLED ORDERS FOR KBR’S GOVERNMENT SERVICES BUSINESS SEGMENT; 21/03/2018 – Naval Group Engages KBR For Australia’s Future Submarine Facility Design Services Subcontract

Analysts await KBR, Inc. (NYSE:KBR) to report earnings on August, 1. They expect $0.32 EPS, down 40.74% or $0.22 from last year’s $0.54 per share. KBR’s profit will be $44.99M for 13.98 P/E if the $0.32 EPS becomes a reality. After $0.34 actual EPS reported by KBR, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.24, from 0.96 in 2017Q4. It improved, as 27 investors sold KBR shares while 64 reduced holdings. 38 funds opened positions while 71 raised stakes. 129.90 million shares or 3.15% less from 134.13 million shares in 2017Q4 were reported. Voya Mngmt Ltd Limited Liability Company stated it has 0% of its portfolio in KBR, Inc. (NYSE:KBR). Sit Investment Associate Inc reported 71,925 shares stake. First Tru Limited Partnership invested 0% of its portfolio in KBR, Inc. (NYSE:KBR). 110,010 were accumulated by Canada Pension Plan Invest Board. Comerica Bancshares invested in 578,145 shares. Convergence Invest Prtnrs Lc invested 0.17% of its portfolio in KBR, Inc. (NYSE:KBR). Virtu Fincl Limited Co has invested 0.02% in KBR, Inc. (NYSE:KBR). Loews Corp accumulated 24,072 shares. Clarivest Asset Mgmt Ltd reported 26 shares. New York-based Gotham Asset Mngmt Ltd Liability Company has invested 0% in KBR, Inc. (NYSE:KBR). State Board Of Administration Of Florida Retirement System holds 0% or 94,223 shares. Ameriprise Fincl Inc accumulated 612,820 shares. Moreover, Cornercap Inv Counsel Inc has 0.08% invested in KBR, Inc. (NYSE:KBR) for 35,890 shares. Massachusetts Fincl Ma invested in 5.26 million shares. Morgan Stanley accumulated 622,109 shares.

Rk Capital Management Llc, which manages about $857.26 million and $460.44 million US Long portfolio, upped its stake in Evoqua Water Technologies Co by 49,900 shares to 516,300 shares, valued at $10.99M in 2018Q1, according to the filing. It also increased its holding in Douglas Dynamics Inc (NYSE:PLOW) by 65,600 shares in the quarter, for a total of 409,859 shares, and has risen its stake in Usa Technologies Inc (NASDAQ:USAT).

More notable recent KBR, Inc. (NYSE:KBR) news were published by: 247Wallst.com which released: “Merrill Lynch Adds Top Gaming Stock to Endeavor Small Cap Portfolio” on May 31, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” published on June 14, 2018, Seekingalpha.com published: “KBRwyle wins additional LOGCAP IV work” on June 11, 2018. More interesting news about KBR, Inc. (NYSE:KBR) were released by: Seekingalpha.com and their article: “KBR awarded multi-year master EPCM services agreement” published on June 13, 2018 as well as Prnewswire.com‘s news article titled: “KBR, Inc. to Participate at the Deutsche Bank’s 9th Annual Industrials & Materials Conference” with publication date: June 04, 2018.

Among 11 analysts covering KBR Inc (NYSE:KBR), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. KBR Inc had 32 analyst reports since August 6, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, October 5 by Johnson Rice. M Partners upgraded it to “Buy” rating and $21 target in Monday, November 21 report. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 5. The stock of KBR, Inc. (NYSE:KBR) has “Neutral” rating given on Monday, March 28 by Goldman Sachs. The stock of KBR, Inc. (NYSE:KBR) earned “Neutral” rating by Goldman Sachs on Thursday, June 14. UBS maintained the stock with “Neutral” rating in Wednesday, August 5 report. The firm has “Neutral” rating given on Wednesday, June 29 by M Partners. On Monday, February 26 the stock rating was maintained by Alembic with “Buy”. The stock of KBR, Inc. (NYSE:KBR) has “Buy” rating given on Tuesday, October 31 by KeyBanc Capital Markets. The firm has “Buy” rating given on Thursday, November 17 by Bank of America.

Analysts await Cabot Corporation (NYSE:CBT) to report earnings on August, 7. They expect $1.04 earnings per share, up 28.40% or $0.23 from last year’s $0.81 per share. CBT’s profit will be $64.30M for 15.38 P/E if the $1.04 EPS becomes a reality. After $1.04 actual earnings per share reported by Cabot Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.23, from 1.07 in 2017Q4. It turned negative, 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. Voya Invest Mngmt Ltd Limited Liability Company invested 0.01% in Cabot Corporation (NYSE:CBT). Laurion Capital Mngmt Limited Partnership holds 9,270 shares or 0% of its portfolio. Macquarie Gp Ltd invested in 28,700 shares. Teacher Retirement System Of Texas invested in 13,735 shares or 0.01% of the stock. Bridgewater Assoc Lp has 0% invested in Cabot Corporation (NYSE:CBT). Goldman Sachs has invested 0.01% in Cabot Corporation (NYSE:CBT). Citigroup has 0% invested in Cabot Corporation (NYSE:CBT) for 26,491 shares. Bailard owns 7,400 shares. Profund Advsr Limited Liability Co holds 0.02% of its portfolio in Cabot Corporation (NYSE:CBT) for 9,246 shares. Axa invested 0.04% in Cabot Corporation (NYSE:CBT). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation holds 0.01% or 22,861 shares. Dean Invest Assoc Limited Liability Company stated it has 60,845 shares or 0.5% of all its holdings. Tru Of Vermont holds 0.02% of its portfolio in Cabot Corporation (NYSE:CBT) for 2,995 shares. First Ltd Partnership accumulated 261,186 shares or 0.03% of the stock. Manufacturers Life Insur The has invested 0.01% in Cabot Corporation (NYSE:CBT).

Another recent and important Cabot Corporation (NYSE:CBT) news was published by Nasdaq.com which published an article titled: “Nexeo Solutions Named Distributor in Canada for Cabot Corporation” on June 14, 2018.

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. On Tuesday, September 1 the stock rating was upgraded by Zacks to “Sell”. The rating was downgraded by SunTrust to “Neutral” on Tuesday, August 2. The company was maintained on Thursday, November 2 by Jefferies. KeyBanc Capital Markets maintained Cabot Corporation (NYSE:CBT) on Tuesday, October 31 with “Hold” rating. JP Morgan upgraded Cabot Corporation (NYSE:CBT) on Tuesday, August 15 to “Overweight” rating. The stock of Cabot Corporation (NYSE:CBT) earned “Buy” rating by Suntrust Robinson on Tuesday, December 19. As per Thursday, June 8, the company rating was maintained by Jefferies. The rating was maintained by Northcoast on Monday, February 12 with “Buy”. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 12 report. The company was maintained on Wednesday, September 6 by KeyBanc Capital Markets.

Since May 14, 2018, it had 1 insider purchase, and 10 sales for $23.86 million activity. Prevost Patrick M. also sold $7.64 million worth of Cabot Corporation (NYSE:CBT) shares. On Monday, May 14 the insider von Gottberg Friedrich sold $612,300. $160,200 worth of stock was sold by Kelly James Patrick on Wednesday, June 6. 59,537 shares valued at $3.75 million were sold by Keohane Sean D on Tuesday, June 5. $123,580 worth of Cabot Corporation (NYSE:CBT) was bought by Morrow Michael M on Friday, June 1. Kalkstein Hobart sold $264,706 worth of stock.

Martingale Asset Management L P, which manages about $2.91 billion and $7.78B US Long portfolio, upped its stake in Fti Consult Inc (NYSE:FCN) by 22,312 shares to 52,713 shares, valued at $2.55M in 2018Q1, according to the filing. It also increased its holding in Peoples Bancorp (NASDAQ:PEBO) by 20,614 shares in the quarter, for a total of 104,164 shares, and has risen its stake in Philip Morris Int’l (NYSE:PM).

KBR, Inc. (NYSE:KBR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.