Natixis Advisors LLC Purchases 1,931 Shares of Cactus, Inc. (NYSE:WHD)

Natixis Advisors LLC increased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,623 shares of the company’s stock after buying an additional 1,931 shares during the quarter. Natixis Advisors LLC’s holdings in Cactus were worth $992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc acquired a new stake in shares of Cactus during the third quarter worth about $212,000. Victory Capital Management Inc. raised its holdings in Cactus by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 761,745 shares of the company’s stock worth $45,453,000 after buying an additional 28,663 shares during the period. NJ State Employees Deferred Compensation Plan bought a new position in Cactus in the third quarter valued at approximately $209,000. Crossmark Global Holdings Inc. acquired a new position in shares of Cactus in the third quarter valued at approximately $295,000. Finally, Atria Investments Inc increased its position in shares of Cactus by 9.4% during the third quarter. Atria Investments Inc now owns 8,166 shares of the company’s stock worth $487,000 after acquiring an additional 704 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WHD shares. 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 report on Friday, October 11th. Barclays lowered 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. Finally, Bank of America increased their price objective on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Buying and Selling

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,500 shares of company stock worth $8,916,325. Insiders own 17.71% of the company’s stock.

Cactus Trading Down 2.2 %

Cactus stock opened at $67.94 on Wednesday. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 24.09, a P/E/G ratio of 3.26 and a beta of 1.95. The firm has a 50-day moving average of $62.60 and a 200-day moving average of $57.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a one year low of $37.58 and a one year high of $70.01.

Cactus (NYSE:WHD) last issued its quarterly 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 during the quarter, compared to analysts’ expectations of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

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. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 0.77%. Cactus’s payout ratio is 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.