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

Vanguard Group Inc. grew its holdings in Cactus, Inc. (NYSE:WHD) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,518,664 shares of the company’s stock after purchasing an additional 148,355 shares during the period. Vanguard Group Inc. owned approximately 8.21% of Cactus worth $295,947,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Cactus by 3.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 592,264 shares of the company’s stock valued at $26,889,000 after buying an additional 19,734 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Cactus by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 568,500 shares of the company’s stock valued at $25,810,000 after buying an additional 22,028 shares during the period. Keeley Teton Advisors LLC raised its holdings in shares of Cactus by 24.0% in the 4th quarter. Keeley Teton Advisors LLC now owns 98,118 shares of the company’s stock valued at $4,455,000 after buying an additional 18,962 shares during the period. First Trust Advisors LP raised its holdings in shares of Cactus by 595.4% in the 4th quarter. First Trust Advisors LP now owns 683,051 shares of the company’s stock valued at $31,011,000 after buying an additional 584,831 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of Cactus by 23.8% in the 4th quarter. Congress Asset Management Co. MA now owns 127,640 shares of the company’s stock valued at $5,795,000 after buying an additional 24,517 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Transactions at Cactus

In related news, President Joel Bender sold 201,585 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the completion of the sale, the president now directly owns 555,001 shares of the company’s stock, valued at approximately $28,876,702.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Joel Bender sold 201,585 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the completion of the sale, the president now directly owns 555,001 shares of the company’s stock, valued at approximately $28,876,702.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott Bender sold 39,957 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.01, for a total value of $2,038,206.57. Following the completion of the sale, the chief executive officer now directly owns 400,234 shares of the company’s stock, valued at $20,415,936.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 602,059 shares of company stock valued at $30,948,949. 17.72% of the stock is currently owned by corporate insiders.

Cactus Trading Up 1.4 %

NYSE:WHD opened at $52.74 on Friday. The stock has a 50-day simple moving average of $50.99 and a 200-day simple moving average of $47.40. The stock has a market cap of $4.20 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.63 and a beta of 1.94. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $57.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.24.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The business had revenue of $274.12 million during the quarter, compared to analysts’ expectations of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, analysts anticipate that Cactus, Inc. will post 2.94 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.91%. Cactus’s dividend payout ratio is currently 19.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Barclays boosted their price objective on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Benchmark restated a “hold” rating on shares of Cactus in a report on Monday, May 6th. Johnson Rice downgraded Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Finally, Bank of America upped their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Cactus has an average rating of “Hold” and a consensus price target of $55.14.

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.