Charles Schwab Investment Management Inc. Purchases 53,318 Shares of Cactus, Inc. (NYSE:WHD)

Charles Schwab Investment Management Inc. grew its position in Cactus, Inc. (NYSE:WHD) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 687,816 shares of the company’s stock after acquiring an additional 53,318 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Cactus worth $41,042,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 in the last quarter. SG Americas Securities LLC raised its stake in Cactus by 185.2% during the second quarter. SG Americas Securities LLC now owns 6,551 shares of the company’s stock worth $346,000 after acquiring an additional 4,254 shares in the last quarter. Andina Capital Management LLC lifted its holdings in shares of Cactus by 25.2% during 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. acquired a new stake in shares of Cactus in the 2nd quarter valued at $1,902,000. Finally, Boston Trust Walden Corp grew its holdings in shares of Cactus by 1.3% in 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 last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays downgraded 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 report on Monday, November 4th. Stifel Nicolaus decreased their price target 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, Bank of America boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Activity at Cactus

In other news, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the transaction, the director now directly owns 12,177 shares in the company, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen Tadlock sold 33,500 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the sale, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,500 shares of company stock valued at $8,916,325. Insiders own 16.84% of the company’s stock.

Cactus Stock Performance

Shares of WHD stock opened at $66.96 on Tuesday. The company has a market capitalization of $5.33 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 3.24 and a beta of 1.97. Cactus, Inc. has a 52 week low of $37.58 and a 52 week 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 company’s 50 day moving average price is $63.17 and its two-hundred day moving average price is $58.23.

Cactus (NYSE:WHD) last posted its quarterly earnings data 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 business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Cactus’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.78%. Cactus’s payout ratio is presently 18.44%.

Cactus Company 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.