3,917 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in Cactus, Inc. (NYSE:WHD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,917 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in shares of Cactus by 394.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock valued at $9,338,000 after buying an additional 127,614 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Cactus by 32.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 3,336 shares of the company’s stock worth $195,000 after acquiring an additional 820 shares in the last quarter. Versant Capital Management Inc increased its holdings in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after buying an additional 52,085 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Cactus by 4.8% during the third quarter. Principal Financial Group Inc. now owns 342,278 shares of the company’s stock worth $20,424,000 after buying an additional 15,760 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Trading Up 1.0 %

Shares of WHD opened at $63.50 on Monday. 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 stock has a 50-day moving average price of $62.60 and a 200 day moving average price of $61.03. The company has a market capitalization of $5.05 billion, a P/E ratio of 22.52, a P/E/G ratio of 5.41 and a beta of 1.98. Cactus, Inc. has a one year low of $40.26 and a one year high of $70.01.

Cactus (NYSE:WHD) last posted 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 business had revenue of $293.18 million during 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 company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Sell-side analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is 18.44%.

Analysts Set New Price Targets

WHD has been the topic of several analyst reports. Stifel Nicolaus lowered their target price 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. Bank of America lifted their price target on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Activity

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of Cactus 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 transaction, the director now owns 12,177 shares in the company, valued at approximately $794,183.94. The trade was a 29.11 % 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, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction on Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now owns 36,357 shares in the company, valued at $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 138,500 shares of company stock valued at $8,916,325. Company insiders own 17.72% of the company’s stock.

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.