Strs Ohio Has $3.65 Million Holdings in Cactus, Inc. (NYSE:WHD)

Strs Ohio lessened its position in shares of Cactus, Inc. (NYSE:WHD) by 34.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,500 shares of the company’s stock after selling 42,000 shares during the quarter. Strs Ohio’s holdings in Cactus were worth $3,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Cactus by 17.5% during the 4th quarter. Cerity Partners LLC now owns 11,142 shares of the company’s stock worth $506,000 after purchasing an additional 1,660 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cactus by 2.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,101 shares of the company’s stock valued at $1,321,000 after buying an additional 575 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Cactus by 1.4% in the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock valued at $88,127,000 after buying an additional 26,185 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Cactus by 198.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 208,010 shares of the company’s stock valued at $9,444,000 after buying an additional 138,294 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Cactus by 43.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 412,220 shares of the company’s stock valued at $18,715,000 after buying an additional 124,620 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Transactions at Cactus

In other news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Cactus news, EVP William D. Marsh sold 1,700 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott Bender sold 78,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the transaction, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The disclosure for this sale can be found here. 17.72% of the stock is currently owned by corporate insiders.

Cactus Trading Down 0.5 %

Shares of WHD opened at $49.13 on Friday. The stock has a fifty day moving average price of $47.80 and a two-hundred day moving average price of $45.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. Cactus, Inc. has a 52-week low of $31.36 and a 52-week high of $57.00. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 8.89 and a beta of 1.96.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The firm had revenue of $274.87 million during the quarter, compared to the consensus estimate of $268.56 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 46.4% compared to the same quarter last year. Analysts predict that Cactus, Inc. will post 2.87 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.98%. Cactus’s payout ratio is currently 18.82%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Stifel Nicolaus decreased their price target on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, January 3rd. Bank of America boosted their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday. Finally, Benchmark lowered Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. One equities 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.29.

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.