Avis Budget Group (CAR) Valuation Declined While Pzena Investment Management Lifted Position by $19.55 Million; Cabot-Wellington Has Upped Its Cabot (CBT) Holding by $9.07 Million

Avis Budget Group, Inc. (NASDAQ:CAR) Logo

Cabot-Wellington Llc increased its stake in Cabot Corp (CBT) by 82.22% based on its latest 2018Q3 regulatory filing with the SEC. Cabot-Wellington Llc bought 283,539 shares as the company’s stock declined 27.69% with the market. The hedge fund held 628,404 shares of the major chemicals company at the end of 2018Q3, valued at $20.60 million, up from 344,865 at the end of the previous reported quarter. Cabot-Wellington Llc who had been investing in Cabot Corp for a number of months, seems to be bullish on the $2.57 billion market cap company. The stock increased 0.96% or $0.41 during the last trading session, reaching $43.18. About 265,894 shares traded. Cabot Corporation (NYSE:CBT) has declined 23.12% since February 11, 2018 and is downtrending. It has underperformed by 23.12% the S&P500. Some Historical CBT News: 27/03/2018 – Cabot Corporation Celebrates 30 Years of Success and Development in China; 19/03/2018 – PRESS RELEASE – VENADO OIL & GAS AND KKR ACQUIRE CABOT EAGLE FORD ASSETS; 17/04/2018 – CABOT CORP – COMPLETED TWO EXPANSION PROJECTS THAT WILL EXTEND ITS GLOBAL FOOTPRINT IN BLACK MASTERBATCH AND COMPOUNDS; 17/04/2018 – MIDWEST ENERGY EMISSIONS CORP – ENTERED INTO A MULTI-YEAR EUROPEAN LICENSING AGREEMENT WITH CABOT CORPORATION; 23/04/2018 – Cabot Corporation Announces Chief Financial Officer Eduardo Cordeiro to Retire and Appoints Erica McLaughlin as Chief Financial; 07/05/2018 – Cabot Corp 2Q Loss/Shr $2.80; 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; 26/03/2018 – Cabot Corporation Receives Responsible Care RC14001® Certification in Tianjin, China; 23/04/2018 – CABOT REPORTS CFO EDUARDO CORDEIRO TO RETIRE & NAMES ERICA MCLA; 07/05/2018 – CABOT – IN PERFORMANCE CHEMICALS, EXPECT TO MAINTAIN MARGINS WHILE CO DRIVES VOLUME GROWTH THROUGH SECOND HALF OF YEAR

Pzena Investment Management Llc increased its stake in Avis Budget Group Inc (CAR) by 31.06% based on its latest 2018Q3 regulatory filing with the SEC. Pzena Investment Management Llc bought 610,949 shares as the company’s stock declined 17.33% with the market. The hedge fund held 2.58M shares of the consumer services company at the end of 2018Q3, valued at $82.86M, up from 1.97 million at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Avis Budget Group Inc for a number of months, seems to be bullish on the $2.14B market cap company. The stock increased 7.83% or $2.01 during the last trading session, reaching $27.69. About 4.37M shares traded or 203.19% up from the average. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 34.26% since February 11, 2018 and is downtrending. It has underperformed by 34.26% the S&P500. Some Historical CAR News: 30/05/2018 – Avis Budget Presenting at Conference Jun 5; 16/04/2018 – AVIS SAYS TWO SRS NOMINEES APPOINTED TO THE BOARD; 12/03/2018 – AVIS BUDGET GROUP ENTERS NEW TOYOTA PARTNERSHIP; 21/04/2018 – DJ Avis Budget Group Inc, Inst Holders, 1Q 2018 (CAR); 14/03/2018 – AVIS BUDGET GROUP INC CAR.O : BARCLAYS RAISES TARGET PRICE TO $33 FROM $32; 13/04/2018 – Avis Budget Group Selected One of Canada’s Best Employers; 16/04/2018 – AVIS BUDGET GROUP INC – SRS AGREES TO SUPPORT ALL COMPANY NOMINEES AT 2018 ANNUAL MEETING; 16/04/2018 – Avis Budget Group: Jagdeep Pahwa and Carl Sparks Appointed to Bd; 14/03/2018 – Budget Car Rental Expands Global Footprint With Launch of Operations in Taiwan; 21/03/2018 – Avis adds biggest investor’s nominees to board slate

More notable recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For February 11, 2019 – Benzinga” on February 11, 2019, also Nasdaq.com with their article: “Subaru says Japan car output halted due to defective part – Nasdaq” published on January 22, 2019, Nasdaq.com published: “Suicide car bomb explosion in Somalia leaves casualties – Nasdaq” on February 02, 2019. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) were released by: Nasdaq.com and their article: “Better Buy: Ford Motor vs. Tesla – Nasdaq” published on January 14, 2019 as well as Nasdaq.com‘s news article titled: “Dover To Buy Belanger – Nasdaq” with publication date: January 16, 2019.

Since August 17, 2018, it had 0 buys, and 1 sale for $450,190 activity.

Among 12 analysts covering Avis Budget (NASDAQ:CAR), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Avis Budget had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 4 by Deutsche Bank. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Outperform” rating by Macquarie Research on Friday, August 26. The firm has “Neutral” rating given on Friday, February 17 by Credit Suisse. The rating was upgraded by Goldman Sachs to “Buy” on Monday, February 11. The firm has “Buy” rating given on Wednesday, November 8 by Deutsche Bank. On Wednesday, November 4 the stock rating was downgraded by JP Morgan to “Neutral”. On Wednesday, November 1 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, November 16 report. M Partners maintained it with “Buy” rating and $38 target in Thursday, February 25 report. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, April 26.

Investors sentiment decreased to 0.74 in 2018 Q3. Its down 0.36, from 1.1 in 2018Q2. It turned negative, as 32 investors sold CAR shares while 79 reduced holdings. 36 funds opened positions while 46 raised stakes. 80.68 million shares or 1.69% less from 82.07 million shares in 2018Q2 were reported. D E Shaw & Com, a New York-based fund reported 10,367 shares. 57,610 are owned by Mutual Of America Mgmt Limited Com. Massachusetts-based Geode Cap Limited Co has invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Moreover, Aperio Group Inc Limited Company has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Schroder Investment Management stated it has 0.02% in Avis Budget Group, Inc. (NASDAQ:CAR). Ww accumulated 462,000 shares. Jacobs Levy Equity Management holds 18,340 shares or 0.01% of its portfolio. Ls Advisors Limited Liability Com holds 0.01% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR) for 3,829 shares. Primecap Management Ca reported 480,000 shares. Indexiq Advsr Limited Liability Co reported 48,532 shares. Bridgeway Mgmt Inc has 0.03% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 95,700 shares. Exane Derivatives holds 2,865 shares. Aqr Management Ltd stated it has 0% in Avis Budget Group, Inc. (NASDAQ:CAR). Fmr Ltd Liability Company holds 890,643 shares. Moreover, Alps Advsr Incorporated has 0% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 23,199 shares.

Pzena Investment Management Llc, which manages about $24.64B and $20.56B US Long portfolio, decreased its stake in Cubic Corp (NYSE:CUB) by 191,234 shares to 169,939 shares, valued at $12.41M in 2018Q3, according to the filing. It also reduced its holding in Insight Enterprises Inc (NASDAQ:NSIT) by 10,886 shares in the quarter, leaving it with 869,267 shares, and cut its stake in Carlisle Cos Inc (NYSE:CSL).

More notable recent Cabot Corporation (NYSE:CBT) news were published by: Globenewswire.com which released: “New Research Coverage Highlights Rite Aid, The Boeing, Cabot, Biogen, McDonald’s, and Pegasystems — Consolidated Revenues, Company Growth, and Expectations for 2018 – GlobeNewswire” on October 29, 2018, also Investorplace.com with their article: “8 Dividend Stocks With Growth on the Horizon – Investorplace.com” published on January 14, 2019, Streetinsider.com published: “Cabot Corp. (CBT) Misses Q4 EPS by 9c, Revenues Miss; Offers FY19 Guidance – StreetInsider.com” on November 05, 2018. More interesting news about Cabot Corporation (NYSE:CBT) were released by: Businesswire.com and their article: “Cabot Corporation to Announce First Quarter 2019 Operating Results – Business Wire” published on January 15, 2019 as well as Businesswire.com‘s news article titled: “Cabot Corporation Receives Responsible Care® Certification in Xingtai, China – Business Wire” with publication date: December 17, 2018.

Since August 20, 2018, it had 0 insider purchases, and 3 selling transactions for $4.98 million activity. 16,000 shares were sold by Cross Nicholas S., worth $1.05M on Tuesday, August 21.

Investors sentiment increased to 1.18 in 2018 Q3. Its up 0.35, from 0.83 in 2018Q2. It increased, as 22 investors sold CBT shares while 80 reduced holdings. 36 funds opened positions while 84 raised stakes. 50.81 million shares or 1.68% less from 51.68 million shares in 2018Q2 were reported. Pnc Fin Svcs Grp holds 0% or 2,434 shares. Snyder Cap Mngmt LP accumulated 835,684 shares or 2.33% of the stock. Kennedy Cap Management Inc has 172,021 shares. Ameriprise accumulated 205,605 shares. 17,546 were accumulated by Metropolitan Life Ny. State Teachers Retirement System owns 0.02% invested in Cabot Corporation (NYSE:CBT) for 114,482 shares. Connable Office has invested 0.08% in Cabot Corporation (NYSE:CBT). North Star Inv has invested 0.01% in Cabot Corporation (NYSE:CBT). Profund Advsrs Limited Co has invested 0.02% in Cabot Corporation (NYSE:CBT). Moreover, Mason Street Advsrs Lc has 0.04% invested in Cabot Corporation (NYSE:CBT). 8,810 are owned by Bbva Compass National Bank & Trust. Swiss State Bank holds 0.01% of its portfolio in Cabot Corporation (NYSE:CBT) for 108,300 shares. Mutual Of America Mngmt Ltd Com has invested 0.05% in Cabot Corporation (NYSE:CBT). Menta Lc reported 6,054 shares. Schroder Inv Mngmt, Maine-based fund reported 18,050 shares.

Among 14 analysts covering Cabot (NYSE:CBT), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Cabot had 30 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of Cabot Corporation (NYSE:CBT) earned “Buy” rating by Robert W. Baird on Wednesday, May 9. Jefferies maintained it with “Buy” rating and $6800 target in Thursday, June 8 report. Deutsche Bank maintained it with “Buy” rating and $44 target in Wednesday, November 11 report. The firm has “Buy” rating given on Thursday, February 8 by Jefferies. The stock has “Hold” rating by Deutsche Bank on Friday, August 12. SunTrust downgraded the stock to “Neutral” rating in Tuesday, August 2 report. The stock of Cabot Corporation (NYSE:CBT) earned “Overweight” rating by JP Morgan on Tuesday, August 15. The firm has “Sector Weight” rating given on Monday, April 11 by KeyBanc Capital Markets. As per Thursday, July 13, the company rating was maintained by Jefferies. Suntrust Robinson upgraded the stock to “Buy” rating in Tuesday, December 19 report.

Cabot Corporation (NYSE:CBT) Institutional Positions Chart

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