Cactus, Inc. (NYSE:WHD) Holdings Raised by Citigroup Inc.

Citigroup Inc. increased its position in shares of Cactus, Inc. (NYSE:WHD) by 81.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,464 shares of the company’s stock after purchasing an additional 40,099 shares during the quarter. Citigroup Inc. owned 0.11% of Cactus worth $5,338,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Cactus by 33.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after buying an additional 340 shares during the last quarter. SG Americas Securities LLC boosted 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 acquiring an additional 4,254 shares during the period. Andina Capital Management LLC boosted 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 acquiring an additional 2,095 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Cactus during the second quarter valued at approximately $1,902,000. Finally, Boston Trust Walden Corp raised its position in shares of Cactus by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company’s stock worth $103,119,000 after purchasing an additional 25,839 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Up 1.4 %

Shares of WHD stock opened at $68.66 on Monday. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $70.01. The stock has a fifty day moving average of $63.09 and a two-hundred day moving average of $58.07. 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 market capitalization of $5.46 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.24 and a beta of 1.95.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million for 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%. Cactus’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. As a group, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on WHD shares. Bank of America boosted their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research report on Monday, November 4th. Finally, Stifel Nicolaus dropped their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.40.

Insiders Place Their Bets

In other Cactus news, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction on 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 represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock worth $8,916,325 over the last ninety days. Company insiders own 17.72% 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.