Cactus, Inc. (NYSE:WHD) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC grew its holdings in shares of Cactus, Inc. (NYSE:WHD) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,762 shares of the company’s stock after buying an additional 2,389 shares during the period. Pathstone Holdings LLC owned 0.06% of Cactus worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Cactus in the 3rd quarter valued at $34,000. Chesapeake Capital Corp IL boosted its stake in Cactus by 23.2% in the third quarter. Chesapeake Capital Corp IL now owns 19,665 shares of the company’s stock valued at $1,160,000 after acquiring an additional 3,709 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Cactus by 13.1% during the third quarter. Natixis Advisors LLC now owns 16,623 shares of the company’s stock worth $992,000 after purchasing an additional 1,931 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Cactus during the third quarter worth about $212,000. Finally, Victory Capital Management Inc. lifted 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 valued at $45,453,000 after purchasing an additional 28,663 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 directly owns 36,357 shares in the company, valued at $2,230,501.95. This represents a 47.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,500 shares of company stock valued at $8,916,325. Company insiders own 16.84% of the company’s stock.

Cactus Stock Performance

Shares of WHD opened at $69.48 on Tuesday. Cactus, Inc. has a 12-month low of $37.58 and a 12-month high of $70.01. The stock has a market cap of $5.53 billion, a P/E ratio of 24.64, a PEG ratio of 3.26 and a beta of 1.95. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $62.39 and a two-hundred day moving average of $57.51.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, research analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.75%. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WHD. Stifel Nicolaus reduced their price target on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th. Finally, Bank of America boosted their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. One equities research 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.40.

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.