Cerity Partners LLC Boosts Holdings in Cactus, Inc. (NYSE:WHD)

Cerity Partners LLC lifted its stake in Cactus, Inc. (NYSE:WHD) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,142 shares of the company’s stock after purchasing an additional 1,660 shares during the period. Cerity Partners LLC’s holdings in Cactus were worth $506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of WHD. NBC Securities Inc. purchased a new position in Cactus during the 3rd quarter valued at about $36,000. Signaturefd LLC lifted its position in Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after acquiring an additional 533 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Cactus during the 3rd quarter valued at about $70,000. Headlands Technologies LLC bought a new stake in Cactus during the 3rd quarter valued at about $134,000. Finally, Park Avenue Securities LLC bought a new stake in Cactus during the 3rd quarter valued at about $208,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Performance

Shares of WHD stock opened at $52.32 on Thursday. The company has a 50 day moving average price of $48.30 and a 200-day moving average price of $45.50. Cactus, Inc. has a 52 week low of $31.36 and a 52 week high of $57.00. The firm has a market capitalization of $4.15 billion, a PE ratio of 20.52, a P/E/G ratio of 9.21 and a beta of 1.96. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm had revenue of $274.87 million during the quarter, compared to analyst estimates of $268.56 million. During the same period in the previous year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was up 46.4% on a year-over-year basis. As a group, equities research analysts expect that Cactus, Inc. will post 2.87 earnings per share for the current year.

Insider Activity at Cactus

In related news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on WHD. Stifel Nicolaus reduced their price objective on shares of Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Bank of America raised their price objective on shares of Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. Finally, Benchmark lowered shares of Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $55.29.

Cactus 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.