Fisher Asset Management LLC Has $13.23 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Fisher Asset Management LLC lifted its holdings in Cactus, Inc. (NYSE:WHD) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 291,350 shares of the company’s stock after acquiring an additional 9,784 shares during the quarter. Fisher Asset Management LLC’s holdings in Cactus were worth $13,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Cactus by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,370,309 shares of the company’s stock worth $319,853,000 after acquiring an additional 23,018 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cactus by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock worth $119,404,000 after acquiring an additional 108,905 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Cactus by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after acquiring an additional 26,185 shares in the last quarter. FMR LLC raised its holdings in shares of Cactus by 181.5% during the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares in the last quarter. Finally, Capital International Investors raised its holdings in shares of Cactus by 8.3% during the fourth quarter. Capital International Investors now owns 1,244,854 shares of the company’s stock worth $56,516,000 after acquiring an additional 95,763 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Transactions at Cactus

In other news, President Joel Bender sold 201,585 shares of Cactus stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the transaction, the president now directly owns 555,001 shares in the company, valued at $28,876,702.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Scott Bender sold 39,957 shares of Cactus stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.01, for a total transaction of $2,038,206.57. Following the sale, the chief executive officer now directly owns 400,234 shares of the company’s stock, valued at $20,415,936.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Joel Bender sold 201,585 shares of Cactus stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total value of $10,488,467.55. Following the sale, the president now directly owns 555,001 shares in the company, valued at $28,876,702.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 602,059 shares of company stock worth $30,948,949. Company insiders own 16.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Cactus in a report on Monday, May 6th. Johnson Rice lowered Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Bank of America raised their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Finally, Barclays raised their target price on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.14.

Cactus Price Performance

NYSE WHD opened at $51.65 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The stock’s 50-day moving average is $50.84 and its two-hundred day moving average is $46.86. The firm has a market cap of $4.11 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.65 and a beta of 1.94. Cactus, Inc. has a fifty-two week low of $37.58 and a fifty-two week high of $57.00.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. On average, analysts anticipate that Cactus, Inc. will post 2.94 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were paid a $0.12 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. Cactus’s payout ratio is presently 19.12%.

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.