FCF Advisors LLC Invests $991,000 in Cactus, Inc. (NYSE:WHD)

FCF Advisors LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,788 shares of the company’s stock, valued at approximately $991,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Cactus by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock worth $295,947,000 after purchasing an additional 148,355 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Cactus by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after purchasing an additional 108,905 shares during the last quarter. Boston Trust Walden Corp lifted its stake 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 buying an additional 26,185 shares during the period. FMR LLC raised its stake in shares of Cactus by 181.5% in the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after purchasing an additional 1,224,079 shares during the last quarter. Finally, Capital International Investors lifted its stake in Cactus by 8.3% during the 4th quarter. Capital International Investors now owns 1,244,854 shares of the company’s stock valued at $56,516,000 after acquiring an additional 95,763 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

WHD has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Bank of America lifted their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Benchmark restated a “hold” rating on shares of Cactus in a report on Monday, May 6th. Finally, Johnson Rice lowered shares of Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.14.

Insider Transactions at Cactus

In other Cactus news, EVP William D. Marsh sold 2,059 shares of Cactus stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $51.03, for a total value of $105,070.77. Following the completion of the transaction, the executive vice president now directly owns 1,852 shares in the company, valued at $94,507.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP William D. Marsh sold 2,059 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was 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 owns 1,852 shares of the company’s stock, valued at $94,507.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Joel Bender sold 358,458 shares of Cactus stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $51.10, for a total transaction of $18,317,203.80. Following the completion of the transaction, the president now owns 156,586 shares in the company, valued at approximately $8,001,544.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 602,059 shares of company stock valued at $30,948,949. 17.72% of the stock is currently owned by corporate insiders.

Cactus Price Performance

WHD traded up $1.04 during trading on Monday, reaching $51.08. 188,672 shares of the stock were exchanged, compared to its average volume of 782,661. 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 business’s 50 day moving average price is $50.77 and its two-hundred day moving average price is $47.06. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $57.00. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.59 and a beta of 1.94.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $274.12 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.64 earnings per share. As a group, equities research analysts anticipate that Cactus, Inc. will post 2.94 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Tuesday, May 28th. Cactus’s dividend payout ratio is currently 19.12%.

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.