Cactus, Inc. $WHD Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in Cactus, Inc. (NYSE:WHD) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,342 shares of the company’s stock after selling 5,205 shares during the period. Deutsche Bank AG owned 0.07% of Cactus worth $2,445,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Cactus by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company’s stock valued at $72,271,000 after acquiring an additional 43,237 shares during the period. Northern Trust Corp increased its position in Cactus by 10.4% in the 4th quarter. Northern Trust Corp now owns 724,891 shares of the company’s stock valued at $42,305,000 after acquiring an additional 68,473 shares during the period. Pacer Advisors Inc. increased its position in Cactus by 10,002.6% in the 1st quarter. Pacer Advisors Inc. now owns 458,053 shares of the company’s stock valued at $20,993,000 after acquiring an additional 453,519 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in Cactus by 8.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 393,801 shares of the company’s stock valued at $18,048,000 after acquiring an additional 29,850 shares during the period. Finally, Principal Financial Group Inc. increased its position in Cactus by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 365,477 shares of the company’s stock valued at $16,750,000 after acquiring an additional 8,164 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on WHD. Stifel Nicolaus dropped their target price on Cactus from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Barclays reiterated an “overweight” rating and set a $52.00 target price (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. JPMorgan Chase & Co. dropped their target price on Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Finally, Wall Street Zen cut Cactus from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cactus currently has an average rating of “Hold” and a consensus target price of $50.75.

Cactus Stock Performance

WHD opened at $38.9880 on Thursday. The stock has a market cap of $3.11 billion, a P/E ratio of 14.71, a P/E/G ratio of 3.70 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. The stock’s 50 day simple moving average is $43.49 and its 200 day simple moving average is $45.04. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $273.58 million during the quarter, compared to analyst estimates of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%.The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. As a group, equities analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.14 per share. This is a boost from Cactus’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. Cactus’s payout ratio is currently 19.62%.

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.