Royal Bank of Canada Has $979,000 Holdings in Cactus, Inc. $WHD

Royal Bank of Canada cut its stake in Cactus, Inc. (NYSE:WHD) by 46.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,684 shares of the company’s stock after selling 17,859 shares during the period. Royal Bank of Canada’s holdings in Cactus were worth $979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in shares of Cactus during the 3rd quarter worth about $33,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Cactus by 73.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after buying an additional 314 shares during the period. Advisors Asset Management Inc. grew its position in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares in the last quarter. Global Retirement Partners LLC grew its position in Cactus by 39,200.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock worth $54,000 after buying an additional 1,176 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in Cactus by 335.1% during the fourth quarter. Hantz Financial Services Inc. now owns 1,710 shares of the company’s stock valued at $78,000 after acquiring an additional 1,317 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WHD has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup lowered Cactus from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $67.00 to $75.00 in a report on Thursday. Barclays boosted their price objective on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings raised Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Wall Street Zen raised Cactus from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $66.80.

Cactus Stock Performance

NYSE:WHD opened at $69.70 on Friday. Cactus, Inc. has a 12-month low of $33.20 and a 12-month high of $74.07. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $5.59 billion, a PE ratio of 59.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.36. The firm has a 50-day moving average price of $58.84 and a 200 day moving average price of $56.00.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The firm had revenue of $449.53 million during the quarter, compared to analysts’ expectations of $400.82 million. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. Research analysts anticipate that Cactus, Inc. will post 3.12 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $0.15 per share. This is a boost from Cactus’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. Cactus’s dividend payout ratio is 47.86%.

Key Cactus News

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $3.11 from $2.91, increased its Q3 2026 estimate to $0.78 from $0.76, and lifted its FY2028 forecast to $4.01 from $3.99. These revisions suggest improving expectations for the company’s longer-term earnings outlook. Cactus analyst estimates
• Positive Sentiment: Recent coverage highlighted Cactus’s 7.92% one-week gain and fresh 52-week high, supporting the stock’s momentum narrative. The company’s latest reported quarter also substantially exceeded revenue and EPS expectations, with revenue up 64.3% year over year. Cactus momentum analysis
• Neutral Sentiment: Discussion of higher oil prices and rising energy activity could support demand for Cactus’s pressure-control equipment, but the articles do not identify a specific new contract or measurable earnings impact. Oil prices and Cactus investors
• Negative Sentiment: Zacks Research reduced EPS forecasts across Q4 2026 and Q1–Q4 2027. Its FY2027 estimate fell to $3.14 from $3.55, while quarterly cuts included Q1 2027 to $0.75 from $0.84, Q2 to $0.78 from $0.87, Q3 to $0.80 from $0.90, and Q4 to $0.82 from $0.94. The revisions signal weaker expected near-term earnings momentum.
• Negative Sentiment: Citigroup downgraded Cactus after its strong year-to-date performance, and shares subsequently declined 6.6% in the August 20 session. With the stock near its 52-week high and trading at a relatively elevated earnings multiple, the downgrade increases the risk of profit-taking. Citi cuts Cactus

Insider Buying and Selling

In related news, CEO Steven Bender sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $67.65, for a total value of $1,691,250.00. Following the sale, the chief executive officer owned 99,241 shares of the company’s stock, valued at $6,713,653.65. The trade was a 20.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Joel Bender sold 86,700 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $57.62, for a total value of $4,995,654.00. Following the completion of the sale, the president owned 41,519 shares in the company, valued at $2,392,324.78. This trade represents a 67.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 263,455 shares of company stock worth $16,261,764 over the last 90 days. Corporate insiders own 12.91% 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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.