Sanctuary Advisors LLC Invests $177,000 in Cactus, Inc. (NYSE:WHD)

Sanctuary Advisors LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,958 shares of the company’s stock, valued at approximately $177,000.

Several other large investors have also modified their holdings of WHD. Pacer Advisors Inc. purchased a new position in shares of Cactus during the 2nd quarter worth about $122,623,000. Makaira Partners LLC raised its holdings in Cactus by 399.6% in the second quarter. Makaira Partners LLC now owns 499,581 shares of the company’s stock valued at $26,348,000 after buying an additional 399,581 shares during the period. Principal Financial Group Inc. raised its holdings in Cactus by 3,604.5% in the second quarter. Principal Financial Group Inc. now owns 326,518 shares of the company’s stock valued at $17,221,000 after buying an additional 317,704 shares during the period. Weiss Asset Management LP purchased a new position in Cactus in the third quarter valued at approximately $13,647,000. Finally, Bridgewater Associates LP purchased a new position in Cactus in the third quarter valued at approximately $9,501,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on WHD shares. Bank of America raised their price target on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Stifel Nicolaus cut their price target 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. Finally, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. One 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 company currently has an average rating of “Hold” and an average price target of $56.40.

Cactus Trading Up 0.5 %

WHD opened at $57.54 on Tuesday. The firm has a market capitalization of $4.58 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.98 and a beta of 1.97. The firm’s 50 day moving average is $63.07 and its 200-day moving average is $59.70. 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 posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $293.18 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. Analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, December 2nd. Cactus’s payout ratio is currently 18.44%.

Insider Transactions at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the sale, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 138,500 shares of company stock valued at $8,916,325. 17.71% of the stock is currently owned by corporate insiders.

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.