Cactus, Inc. (NYSE:WHD) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its holdings in shares of Cactus, Inc. (NYSE:WHD) by 39.4% during the 3rd quarter, Holdings Channel reports. The firm owned 539,517 shares of the company’s stock after selling 350,410 shares during the period. Wasatch Advisors LP’s holdings in Cactus were worth $32,193,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WHD. Pacer Advisors Inc. acquired a new stake in shares of Cactus during the second quarter worth about $122,623,000. Makaira Partners LLC lifted its position in shares of Cactus by 399.6% during the second quarter. Makaira Partners LLC now owns 499,581 shares of the company’s stock worth $26,348,000 after purchasing an additional 399,581 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Cactus by 3,604.5% during the second quarter. Principal Financial Group Inc. now owns 326,518 shares of the company’s stock worth $17,221,000 after purchasing an additional 317,704 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new stake in shares of Cactus during the second quarter worth about $14,553,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Cactus during the third quarter worth about $9,501,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Up 1.4 %

WHD stock opened at $68.66 on Friday. The company’s 50 day moving average price is $63.09 and its 200 day moving average price is $58.02. 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, Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $70.01. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.24 and a beta of 1.95.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, equities research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.76%. Cactus’s dividend payout ratio is currently 18.44%.

Analyst Upgrades and Downgrades

WHD has been the topic of several research reports. Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research report on Monday, November 4th. Stifel Nicolaus cut 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. Finally, Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.40.

Insider Buying and Selling at Cactus

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the transaction, the director now directly owns 12,177 shares in the company, valued at $794,183.94. This represents a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,500 shares of company stock worth $8,916,325 over the last three months. Insiders own 17.72% 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.