SIR Capital Management L.P. Sells 282,698 Shares of Cactus, Inc. $WHD

SIR Capital Management L.P. cut its position in shares of Cactus, Inc. (NYSE:WHD) by 90.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,419 shares of the company’s stock after selling 282,698 shares during the quarter. SIR Capital Management L.P.’s holdings in Cactus were worth $1,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WHD. Advisors Asset Management Inc. grew its position in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after acquiring an additional 543 shares during the last quarter. AQR Capital Management LLC grew its position in Cactus by 101.1% during the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock worth $524,000 after acquiring an additional 5,745 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cactus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock worth $1,819,000 after acquiring an additional 1,733 shares during the last quarter. United Services Automobile Association bought a new position in Cactus during the 1st quarter worth approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cactus by 26.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after acquiring an additional 46,835 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Insider Activity at Cactus

In other Cactus news, Director Michael Y. Mcgovern sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total value of $678,840.00. Following the completion of the sale, the director owned 15,990 shares in the company, valued at approximately $904,554.30. This trade represents a 42.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Semple sold 10,206 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the completion of the sale, the director owned 29,444 shares of the company’s stock, valued at approximately $1,667,119.28. This trade represents a 25.74% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 12.91% of the company’s stock.

Cactus Trading Up 0.8%

NYSE WHD opened at $59.01 on Friday. Cactus, Inc. has a fifty-two week low of $33.20 and a fifty-two week high of $64.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The stock has a 50 day simple moving average of $56.39 and a two-hundred day simple moving average of $52.32. The stock has a market cap of $4.73 billion, a P/E ratio of 55.67, a price-to-earnings-growth ratio of 2.32 and a beta of 1.37.

Cactus (NYSE:WHD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business had revenue of $388.35 million during the quarter, compared to analysts’ expectations of $380.42 million. During the same quarter last year, the business posted $0.73 EPS. The business’s revenue was up 38.5% on a year-over-year basis. On average, analysts forecast that Cactus, Inc. will post 2.85 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a $0.14 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.56 annualized dividend and a yield of 0.9%. Cactus’s dividend payout ratio (DPR) is 52.83%.

Analysts Set New Price Targets

WHD has been the topic of several recent research reports. Wall Street Zen lowered Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays raised their price target on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Citigroup raised their price target on Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.60.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.