Diversify Advisory Services LLC Makes New Investment in Cactus, Inc. (NYSE:WHD)

Diversify Advisory Services LLC bought a new position in shares of Cactus, Inc. (NYSE:WHDFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,650 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds also recently bought and sold shares of WHD. Vanguard Group Inc. lifted its holdings in shares of Cactus by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock valued at $295,947,000 after purchasing an additional 148,355 shares during the last quarter. JPMorgan Chase & Co. grew its position in Cactus by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock worth $119,404,000 after purchasing an additional 108,905 shares during the period. Boston Trust Walden Corp grew its position in Cactus by 1.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after purchasing an additional 26,185 shares during the period. Wasatch Advisors LP grew its position in Cactus by 39.1% during the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock worth $66,921,000 after purchasing an additional 375,829 shares during the period. Finally, Capital International Investors grew its position in Cactus by 8.3% during the 4th quarter. Capital International Investors now owns 1,244,854 shares of the company’s stock worth $56,516,000 after purchasing an additional 95,763 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD stock opened at $51.18 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $50.95 and a 200 day moving average price of $47.67. The company has a market cap of $4.07 billion, a P/E ratio of 20.39, a PEG ratio of 1.61 and a beta of 1.98. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $57.00.

Cactus (NYSE:WHDGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The company had revenue of $274.12 million during the quarter, compared to the consensus estimate of $270.70 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Cactus’s revenue for the quarter was up 20.0% on a year-over-year basis. Sell-side analysts predict that Cactus, Inc. will post 2.94 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.94%. Cactus’s dividend payout ratio (DPR) is 19.12%.

Insider Transactions at Cactus

In related news, EVP William D. Marsh sold 2,059 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $51.03, for a total transaction of $105,070.77. Following the completion of the transaction, the executive vice president now directly owns 1,852 shares of the company’s stock, valued at $94,507.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cactus news, CEO Scott Bender sold 39,957 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $51.01, for a total value of $2,038,206.57. Following the completion of the transaction, the chief executive officer now directly owns 400,234 shares of the company’s stock, valued at $20,415,936.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP William D. Marsh sold 2,059 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $51.03, for a total transaction of $105,070.77. Following the completion of the transaction, the executive vice president now directly owns 1,852 shares of the company’s stock, valued at $94,507.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 602,059 shares of company stock worth $30,948,949. Company insiders own 16.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WHD. Benchmark reaffirmed a “hold” rating on shares of Cactus in a research note on Monday, May 6th. Johnson Rice downgraded shares of Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Barclays lifted their target price on shares of Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, Bank of America boosted their price target on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $55.14.

Check Out Our Latest Report on WHD

Cactus Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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