Cactus, Inc. (NYSE:WHD) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Cactus, Inc. (NYSE:WHD) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,370,309 shares of the company’s stock after acquiring an additional 23,018 shares during the period. Vanguard Group Inc. owned 8.02% of Cactus worth $319,853,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pinebridge Investments L.P. acquired a new position in shares of Cactus during the second quarter worth approximately $36,000. FMR LLC boosted its position in shares of Cactus by 181.5% during the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after buying an additional 1,224,079 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Cactus by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 572,530 shares of the company’s stock worth $28,747,000 after buying an additional 18,673 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Cactus by 11.5% during the second quarter. Great West Life Assurance Co. Can now owns 26,486 shares of the company’s stock worth $1,129,000 after buying an additional 2,727 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Cactus during the third quarter worth approximately $3,500,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Price Performance

Shares of NYSE:WHD opened at $49.77 on Thursday. Cactus, Inc. has a 12 month low of $31.36 and a 12 month high of $57.00. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 8.44 and a beta of 1.95. The stock’s 50 day moving average price is $44.83 and its 200 day moving average price is $45.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $274.87 million for the quarter, compared to analysts’ expectations of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The firm’s revenue was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Equities research analysts anticipate that Cactus, Inc. will post 3.04 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders 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 annualized dividend and a dividend yield of 0.96%. Cactus’s dividend payout ratio is currently 18.82%.

Insider Buying and Selling at Cactus

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Cactus news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 of the company’s stock, valued at approximately $915.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The shares were 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 $180,688.20. The disclosure for this sale can be found here. 17.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WHD. Benchmark downgraded Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Stifel Nicolaus dropped their target price on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.86.

Cactus Company 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.