Inside Sale: Patrick Prevost Sold 123,883 Shares of Cabot (CBT); Hexcel Has 1.12 Sentiment

May 17, 2018 - By John Hoffman

Hexcel Corporation (NYSE:HXL) Logo

Sentiment for Hexcel Corp (HXL)

Hexcel Corp (HXL) investors sentiment increased to 1.12 in 2017 Q4. It’s up 0.05, from 1.07 in 2017Q3. The ratio is better, as 145 funds increased or started new stock positions, while 129 decreased and sold their stock positions in Hexcel Corp. The funds in our database now possess: 77.37 million shares, down from 80.81 million shares in 2017Q3. Also, the number of funds holding Hexcel Corp in top ten stock positions increased from 9 to 12 for an increase of 3. Sold All: 15 Reduced: 114 Increased: 90 New Position: 55.

Cabot Corporation operates as a specialty chemicals and performance materials company. The company has market cap of $3.79 billion. The firm offers carbon black, a form of elemental carbon used to enhance the physical properties of the systems and applications in which it is incorporated; and rubber blacks for use as a rubber reinforcing agent and performance additive in tires, hoses, belts, extruded profiles, and molded goods. It has a 62.19 P/E ratio. It also provides compounds of carbon black and rubber primarily for tire applications; and cesium formate, a drilling and completion fluid for use in high pressure and high temperature gas and oil well construction.

Analysts await Cabot Corporation (NYSE:CBT) to report earnings on August, 7. They expect $1.02 EPS, up 25.93% or $0.21 from last year’s $0.81 per share. CBT’s profit will be $63.05M for 15.04 P/E if the $1.02 EPS becomes a reality. After $1.04 actual EPS reported by Cabot Corporation for the previous quarter, Wall Street now forecasts -1.92% negative EPS growth.

Patrick Prevost, an insider of Cabot Corp, currently director not a long ago disclosed a substantial transaction with the D.C. based-SEC. As published in the public form, Patrick Prevost purchased 123,883 shares of the Pinksheet-listed company, priced at $61.6 per share. $7,635,028 U.S. Dollars was the transaction’s value. The SEC report’s date was 16-05-2018. This sell was pretty significant, so clearly it won’t go unseen. Presently, Patrick Prevost possess a total of 283,045 shares or 0.46% of the company’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).

Among 13 analysts covering Cabot (NYSE:CBT), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. Cabot has $120.0 highest and $37.0 lowest target. $70.33’s average target is 14.58% above currents $61.38 stock price. Cabot had 29 analyst reports since August 13, 2015 according to SRatingsIntel. Deutsche Bank maintained Cabot Corporation (NYSE:CBT) rating on Friday, August 12. Deutsche Bank has “Hold” rating and $52 target. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with “Hold”. Loop Capital upgraded it to “Buy” rating and $82 target in Friday, January 5 report. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, August 15 report. The company was maintained on Tuesday, October 10 by Jefferies. SunTrust downgraded Cabot Corporation (NYSE:CBT) on Tuesday, August 2 to “Neutral” rating. The company was upgraded on Tuesday, August 15 by J.P. Morgan. The rating was maintained by Jefferies with “Buy” on Monday, August 14. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report. Robert W. Baird maintained Cabot Corporation (NYSE:CBT) rating on Tuesday, April 17. Robert W. Baird has “Hold” rating and $6700 target.

More recent Cabot Corporation (NYSE:CBT) news were published by: which released: “Baird Upgrades Cabot Corp.: ‘We Believe Valuation Remains Attractive'” on May 09, 2018. Also published the news titled: “Cabot Corporation Introduces Activated Carbons Optimized for Catalyst Support Applications at ACHEMA 2018” on May 16, 2018.‘s news article titled: “Cabot’s (CBT) CEO Sean Keohane on Q2 2018 Results – Earnings Call Transcript” with publication date: May 12, 2018 was also an interesting one.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.08, from 0.99 in 2017Q3. It increased, as 16 investors sold Cabot Corporation shares while 96 reduced holdings. 41 funds opened positions while 79 raised stakes. 51.73 million shares or 0.23% less from 51.85 million shares in 2017Q3 were reported. First Personal Services reported 0.01% in Cabot Corporation (NYSE:CBT). State Of Tennessee Treasury Department accumulated 0.01% or 42,200 shares. 15,300 are owned by Crestpoint Capital Management Ltd. Hsbc Public Limited Company reported 25,403 shares. Balyasny Asset Mgmt Ltd holds 76,981 shares. Teacher Retirement System Of Texas invested in 21,390 shares or 0.01% of the stock. Moreover, American Intll Gp has 0.03% invested in Cabot Corporation (NYSE:CBT). Voya Investment Management Ltd has invested 0.01% in Cabot Corporation (NYSE:CBT). Bessemer Group Inc Inc holds 0% of its portfolio in Cabot Corporation (NYSE:CBT) for 392 shares. Aureus Asset Mgmt Limited has 1.26% invested in Cabot Corporation (NYSE:CBT). Shelton has 4,665 shares for 0.02% of their portfolio. Tru Company Of Vermont holds 1,465 shares or 0.01% of its portfolio. Price T Rowe Associate Md owns 53,741 shares or 0% of their US portfolio. Proshare Advisors Llc holds 0% or 10,123 shares. Pacad Limited holds 0.02% in Cabot Corporation (NYSE:CBT) or 1,700 shares.

The stock increased 0.34% or $0.21 during the last trading session, reaching $61.38. About 626,508 shares traded or 29.26% up from the average. Cabot Corporation (NYSE:CBT) has declined 5.91% since May 17, 2017 and is downtrending. It has underperformed by 17.46% the S&P500.

Hexcel Corporation, together with its subsidiaries, develops, makes, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company has market cap of $6.25 billion. The firm operates through two divisions, Composite Materials and Engineered Products. It has a 22.62 P/E ratio. The Composite Materials segment makes and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates used in various applications, including military and commercial aircraft, wind turbine blades, recreational products, transport, and other industrial applications.

Since January 1, 0001, it had 0 insider purchases, and 5 insider sales for $5.47 million activity.

Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on July, 23. They expect $0.75 EPS, up 11.94% or $0.08 from last year’s $0.67 per share. HXL’s profit will be $67.10 million for 23.30 P/E if the $0.75 EPS becomes a reality. After $0.68 actual EPS reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts 10.29% EPS growth.

The stock increased 0.10% or $0.07 during the last trading session, reaching $69.89. About 430,228 shares traded or 0.21% up from the average. Hexcel Corporation (HXL) has risen 21.76% since May 17, 2017 and is uptrending. It has outperformed by 10.21% the S&P500.

Hexcel Corporation (NYSE:HXL) Institutional Positions Chart

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