15,366 Shares in Cactus, Inc. $WHD Bought by AGF Management Ltd.

AGF Management Ltd. bought a new position in Cactus, Inc. (NYSE:WHD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,366 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors have also bought and sold shares of WHD. Teacher Retirement System of Texas purchased a new stake in Cactus in the 1st quarter valued at about $447,000. Xponance Inc. lifted its position in shares of Cactus by 5.7% during the first quarter. Xponance Inc. now owns 5,405 shares of the company’s stock worth $248,000 after acquiring an additional 291 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of Cactus in the first quarter valued at approximately $2,586,000. Diversify Advisory Services LLC increased its holdings in shares of Cactus by 38.1% in the first quarter. Diversify Advisory Services LLC now owns 5,600 shares of the company’s stock worth $257,000 after purchasing an additional 1,545 shares during the period. Finally, Financial Harvest LLC purchased a new stake in Cactus in the first quarter valued at approximately $130,000. Institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WHD. Zacks Research raised shares of Cactus from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Barclays cut their price target on shares of Cactus from $52.00 to $51.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Stifel Nicolaus raised their target price on shares of Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cactus in a research note on Thursday, October 30th. Finally, Bank of America upgraded shares of Cactus from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $39.00 to $40.00 in a report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $47.75.

Insider Activity at Cactus

In related news, EVP William D. Marsh sold 10,172 shares of Cactus stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total transaction of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. The trade was a 47.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 16.84% of the stock is owned by insiders.

Cactus Stock Down 0.7%

WHD opened at $43.08 on Wednesday. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $33.20 and a twelve month high of $70.01. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 8.97 and a beta of 1.46. The firm has a 50 day moving average price of $39.84 and a 200-day moving average price of $41.81.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $263.95 million during the quarter, compared to analysts’ expectations of $253.89 million. Cactus had a return on equity of 16.02% and a net margin of 15.86%.Cactus’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

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

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.