564 Shares in Cactus, Inc. (NYSE:WHD) Bought by Quest Partners LLC

Quest Partners LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 564 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds also recently added to or reduced their stakes in WHD. GAMMA Investing LLC lifted its stake in Cactus by 33.8% in the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after buying an additional 340 shares during the last quarter. SG Americas Securities LLC lifted its stake in Cactus by 185.2% in the second quarter. SG Americas Securities LLC now owns 6,551 shares of the company’s stock valued at $346,000 after buying an additional 4,254 shares during the last quarter. Andina Capital Management LLC lifted its stake in Cactus by 25.2% in the second quarter. Andina Capital Management LLC now owns 10,398 shares of the company’s stock valued at $548,000 after buying an additional 2,095 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Cactus in the second quarter valued at $1,902,000. Finally, Boston Trust Walden Corp raised its stake in shares of Cactus by 1.3% during the second quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company’s stock valued at $103,119,000 after purchasing an additional 25,839 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WHD. Bank of America lifted their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Stifel Nicolaus cut their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Buying and Selling

In related news, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the transaction, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. This trade represents a 63.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction dated Tuesday, November 19th. The stock was 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 represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 138,500 shares of company stock valued at $8,916,325 over the last three months. Company insiders own 17.72% of the company’s stock.

Cactus Price Performance

NYSE:WHD opened at $68.66 on Monday. The business’s 50-day moving average price is $63.09 and its 200 day moving average price is $58.07. The firm has a market cap of $5.46 billion, a P/E ratio of 24.35, a PEG ratio of 3.24 and a beta of 1.95. Cactus, Inc. has a 52-week low of $37.58 and a 52-week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Cactus’s 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 earnings per share. As a group, sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Monday, December 2nd. Cactus’s payout ratio is currently 18.44%.

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.