Cactus, Inc. (NYSE:WHD) Shares Purchased by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of Cactus, Inc. (NYSE:WHD) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,166 shares of the company’s stock after buying an additional 704 shares during the quarter. Atria Investments Inc’s holdings in Cactus were worth $487,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. New York State Teachers Retirement System increased its stake in shares of Cactus by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company’s stock worth $925,000 after purchasing an additional 200 shares in the last quarter. Dana Investment Advisors Inc. lifted its position in shares of Cactus by 0.6% in the second quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company’s stock valued at $1,678,000 after acquiring an additional 202 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after acquiring an additional 307 shares during the last quarter. GAMMA Investing LLC increased its position in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after purchasing an additional 340 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Cactus by 3.3% during the 2nd quarter. Arizona State Retirement System now owns 18,341 shares of the company’s stock worth $967,000 after purchasing an additional 585 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cactus

In related news, COO Steven Bender sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the sale, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the transaction, the director now directly owns 12,177 shares in the company, valued at $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 138,500 shares of company stock worth $8,916,325 in the last three months. 16.84% of the stock is currently owned by company insiders.

Cactus Price Performance

Cactus stock opened at $65.29 on Thursday. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm has a 50 day moving average price of $61.87 and a 200 day moving average price of $57.22. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.11 and a beta of 1.95.

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

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.80%. Cactus’s dividend payout ratio is presently 18.44%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research note on Monday, November 4th. Bank of America raised their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus reduced their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.40.

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.