Boston Trust Walden Corp Raises Stock Position in Cactus, Inc. (NYSE:WHD)

Boston Trust Walden Corp boosted its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,941,115 shares of the company's stock after acquiring an additional 26,185 shares during the period. Boston Trust Walden Corp owned 2.44% of Cactus worth $88,127,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WHD. Public Employees Retirement System of Ohio boosted its stake in Cactus by 59.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 678 shares of the company's stock worth $26,000 after purchasing an additional 254 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in Cactus in the first quarter valued at about $27,000. State of Wyoming acquired a new position in shares of Cactus in the fourth quarter valued at approximately $28,000. NewEdge Advisors LLC grew its holdings in Cactus by 886.7% during the 1st quarter. NewEdge Advisors LLC now owns 740 shares of the company's stock worth $31,000 after acquiring an additional 665 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new position in shares of Cactus in the 2nd quarter valued at $36,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Trading Down 1.6 %

Cactus stock traded down $0.80 during mid-day trading on Thursday, hitting $50.56. 534,063 shares of the company's stock were exchanged, compared to its average volume of 636,533. The firm has a market capitalization of $4.01 billion, a P/E ratio of 19.83, a PEG ratio of 8.38 and a beta of 1.96. Cactus, Inc. has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The company's 50 day simple moving average is $46.10 and its 200-day simple moving average is $45.39. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The company had revenue of $274.87 million during the quarter, compared to analysts' expectations of $268.56 million. During the same period last year, the firm posted $0.57 earnings per share. The business's revenue was up 46.4% on a year-over-year basis. On average, equities analysts anticipate that Cactus, Inc. will post 3.04 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, February 23rd. Cactus's payout ratio is currently 18.82%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WHD shares. Stifel Nicolaus lowered their price target on shares of Cactus from $68.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, January 3rd. Benchmark lowered shares of Cactus from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $55.86.

Insider Activity

In other news, CEO Scott Bender sold 78,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares of the company's stock, valued at $915.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Scott Bender sold 78,000 shares of Cactus stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the sale, the chief executive officer now owns 20 shares of the company's stock, valued at approximately $915.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Insiders own 17.72% of the company's stock.

About Cactus

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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