Cactus, Inc. (NYSE:WHD) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp reduced its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 10.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,606,948 shares of the company's stock after selling 190,541 shares during the period. Boston Trust Walden Corp owned about 2.02% of Cactus worth $73,646,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Emerald Advisers LLC lifted its position in shares of Cactus by 20.6% during the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company's stock worth $17,935,000 after purchasing an additional 52,552 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cactus by 4.4% during the fourth quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock worth $20,853,000 after purchasing an additional 15,035 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Cactus by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company's stock worth $40,939,000 after purchasing an additional 13,669 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cactus during the fourth quarter worth $16,377,000. Finally, Axiom Investors LLC DE lifted its position in shares of Cactus by 26.0% during the fourth quarter. Axiom Investors LLC DE now owns 149,317 shares of the company's stock worth $8,714,000 after purchasing an additional 30,851 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Trading Down 0.9%

WHD opened at $45.45 on Thursday. The stock has a market capitalization of $3.63 billion, a PE ratio of 16.18 and a beta of 1.49. The firm's fifty day moving average price is $41.48 and its 200 day moving average price is $50.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. During the same period in the prior year, the company posted $0.75 earnings per share. The firm's quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.14%. Cactus's payout ratio is 18.51%.

Analyst Ratings Changes

WHD has been the topic of a number of recent research reports. Barclays raised shares of Cactus from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $51.00 to $54.00 in a research report on Wednesday, June 4th. JPMorgan Chase & Co. cut their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Stifel Nicolaus cut their price target on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $52.50.

Cactus Company Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.

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