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

Boston Trust Walden Corp lifted its position in Cactus, Inc. (NYSE:WHD) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,797,489 shares of the company’s stock after buying an additional 9,884 shares during the quarter. Boston Trust Walden Corp’s holdings in Cactus were worth $104,901,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bridgewater Associates LP purchased a new stake in Cactus in the third quarter valued at $9,501,000. JPMorgan Chase & Co. increased its position in Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after purchasing an additional 52,085 shares during the period. Citigroup Inc. boosted its position in shares of Cactus by 81.2% during the 3rd quarter. Citigroup Inc. now owns 89,464 shares of the company’s stock worth $5,338,000 after purchasing an additional 40,099 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Cactus by 394.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock valued at $9,338,000 after buying an additional 127,614 shares in the last quarter. Finally, Barclays PLC grew its stake in Cactus by 429.4% in the 3rd quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after acquiring an additional 100,223 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WHD. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. Bank of America upped their target price on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus reduced their target price on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.40.

Cactus Stock Down 1.3 %

WHD opened at $59.62 on Monday. Cactus, Inc. has a twelve month low of $40.28 and a twelve month high of $70.01. The firm’s 50-day simple moving average is $62.03 and its 200-day simple moving average is $61.15. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 5.14 and a beta of 1.97.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.87%. Cactus’s payout ratio is currently 18.44%.

Insiders Place Their Bets

In related news, COO Steven Bender sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the sale, the director now owns 12,177 shares in the company, valued at $794,183.94. This represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

Cactus 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.