Boston Trust Walden Corp grew its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,797,489 shares of the company's stock after buying an additional 9,884 shares during the quarter. Boston Trust Walden Corp owned 2.26% of Cactus worth $104,901,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after acquiring an additional 52,085 shares in the last quarter. State Street Corp increased its position in shares of Cactus by 3.0% during the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock valued at $164,436,000 after purchasing an additional 81,149 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after purchasing an additional 106,819 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Cactus by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 761,745 shares of the company's stock worth $45,453,000 after buying an additional 28,663 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Cactus by 8.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 687,816 shares of the company's stock valued at $41,042,000 after buying an additional 53,318 shares during the period. 85.11% of the stock is owned by institutional investors.
Insiders Place Their Bets
In related news, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now owns 12,177 shares in the company, valued at approximately $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 17.71% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on WHD shares. Stifel Nicolaus dropped their target price on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Barclays downgraded Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective on the stock. in a research note on Monday, November 4th. Finally, Bank of America raised their target price on Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $56.40.
View Our Latest Research Report on Cactus
Cactus Stock Performance
WHD stock traded down $1.31 during midday trading on Thursday, reaching $59.75. 508,931 shares of the company's stock traded hands, compared to its average volume of 467,897. The firm has a market capitalization of $4.76 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 5.14 and a beta of 1.97. The company has a 50-day moving average price of $61.39 and a two-hundred day moving average price of $61.16. Cactus, Inc. has a 52 week low of $41.80 and a 52 week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.
Cactus Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.87%. Cactus's dividend payout ratio (DPR) is 18.44%.
About Cactus
(
Free Report)
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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