In the third quarter, Allspring Global Investments Holdings LLC sold 16,795 shares of Cabot Corporation, cutting its position from 36,982 to 20,187 shares, a 45.4% reduction. According to the firm’s latest 13F filing with the Securities and Exchange Commission, the remaining stake was valued at $1.52 million as of the end of the period. This sizeable divestiture marks one of the largest single-quarter declines among Cabot’s institutional holders and represents a notable shift in the firm’s exposure to specialty chemicals amid broader portfolio rebalancing.

Other investment managers have also modified their stakes during recent quarters. Elevation Point Wealth Partners initiated a new position by acquiring shares worth approximately $28,000 in the second quarter. Parkside Financial Bank & Trust expanded its holding by 95.5%, adding 189 shares to reach 387 shares. UMB Bank n.a. increased its ownership by 52.4%, purchasing an additional 251 shares to total 730 shares. EverSource Wealth Advisors LLC boosted its stake by 344.3%, adding 630 shares to reach 813 shares. Collectively, institutional investors now account for more than 93% of outstanding shares, underscoring the company’s strong appeal among large asset managers despite recent portfolio shifts.

Equity research firms have delivered mixed views on Cabot’s outlook. Mizuho raised its price objective from $72 to $80 and upgraded the stock to Outperform, while Jefferies and UBS both reaffirmed Buy ratings with target prices of $81. In contrast, JPMorgan Chase & Co. trimmed its target from $75 to $54 and maintained an Underweight stance. Weiss Ratings reiterated a Hold (C–) recommendation in late December. Among the six analysts covering the company, three rate it Buy, one Hold and two Sell, resulting in an average consensus rating of Hold and an average target price of $74.

Cabot Corporation has entered into a multi-year contract to supply conductive battery materials to PowerCo, a leading European electric vehicle manufacturer. Under the agreement, Cabot will deliver its engineered carbon black products to several new gigafactories across Germany and Poland beginning in the second half of next year. The deal is expected to generate incremental annual revenues of $100 million at full capacity and positions Cabot as a strategic partner in Europe’s rapidly expanding EV battery market. Company executives highlighted the agreement as a key pillar of Cabot’s Performance Materials segment growth strategy.