Moody Aldrich Partners LLC Sells 48,857 Shares of Cactus, Inc. (NYSE:WHD)

Moody Aldrich Partners LLC trimmed its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,586 shares of the company's stock after selling 48,857 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.10% of Cactus worth $3,568,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Cactus by 59.9% in the third quarter. Public Employees Retirement System of Ohio now owns 678 shares of the company's stock valued at $26,000 after acquiring an additional 254 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of Cactus in the first quarter valued at $27,000. State of Wyoming purchased a new stake in shares of Cactus in the fourth quarter valued at $28,000. NewEdge Advisors LLC lifted its position in shares of Cactus by 886.7% in the first quarter. NewEdge Advisors LLC now owns 740 shares of the company's stock valued at $31,000 after acquiring an additional 665 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Cactus in the third quarter valued at $36,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Cactus

In related news, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Scott Bender sold 78,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares of the company's stock, valued at approximately $180,688.20. The disclosure for this sale can be found here. Company insiders own 16.84% of the company's stock.

Cactus Trading Up 0.5 %

Shares of Cactus stock traded up $0.25 during trading hours on Tuesday, reaching $51.65. The stock had a trading volume of 333,313 shares, compared to its average volume of 624,341. The firm has a 50 day simple moving average of $46.48 and a two-hundred day simple moving average of $45.37. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 8.83 and a beta of 1.96. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 1 year low of $31.36 and a 1 year high of $57.00.

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

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.12 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. Cactus's dividend payout ratio (DPR) is 18.82%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Benchmark downgraded Cactus from a "buy" rating to a "hold" rating in a research report on Tuesday, January 16th. Stifel Nicolaus reduced their target price on Cactus from $68.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $55.86.

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.