Ethic Inc. Acquires 1,377 Shares of Cactus, Inc. $WHD

Ethic Inc. lifted its holdings in shares of Cactus, Inc. (NYSE:WHD) by 30.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,894 shares of the company’s stock after acquiring an additional 1,377 shares during the quarter. Ethic Inc.’s holdings in Cactus were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WHD. Advisors Asset Management Inc. boosted its stake in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after acquiring an additional 543 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cactus during the 1st quarter worth approximately $57,000. Financial Harvest LLC bought a new position in shares of Cactus during the 1st quarter worth approximately $130,000. CWM LLC boosted its stake in shares of Cactus by 131.7% during the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock worth $130,000 after acquiring an additional 1,686 shares during the period. Finally, KBC Group NV lifted its holdings in Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company’s stock worth $155,000 after purchasing an additional 360 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP William D. Marsh sold 10,172 shares of Cactus stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. This trade represents a 47.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.75% of the company’s stock.

Cactus Price Performance

Shares of NYSE WHD opened at $43.17 on Friday. The stock has a market capitalization of $3.45 billion, a PE ratio of 17.20, a P/E/G ratio of 4.02 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 business has a fifty day moving average price of $39.58 and a two-hundred day moving average price of $41.42. Cactus, Inc. has a fifty-two week low of $33.20 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. Cactus had a return on equity of 16.29% and a net margin of 15.86%.The company had revenue of $263.95 million for the quarter, compared to analyst estimates of $253.89 million. During the same quarter last year, the company posted $0.74 EPS. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 1st will be paid a $0.14 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. Cactus’s dividend payout ratio (DPR) is presently 22.31%.

Wall Street Analyst Weigh In

WHD has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Cactus in a report on Thursday. Barclays reissued an “overweight” rating and set a $52.00 price target (down from $53.00) on shares of Cactus in a report on Monday, August 4th. Zacks Research cut Cactus from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Stifel Nicolaus dropped their price target on Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 1st. Finally, Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $39.00 to $40.00 in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.75.

Cactus Company 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.