Southland Equity Partners LLC Invests $212,000 in Cactus, Inc. (NYSE:WHD)

Southland Equity Partners LLC purchased a new position in shares of Cactus, Inc. (NYSE:WHD) during the first quarter, Holdings Channel.com reports. The fund purchased 4,226 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Cactus during the fourth quarter worth about $30,000. GAMMA Investing LLC acquired a new position in Cactus in the fourth quarter valued at approximately $33,000. TFO Wealth Partners LLC lifted its holdings in Cactus by 221,300.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,214 shares of the company’s stock valued at $101,000 after acquiring an additional 2,213 shares during the period. Vest Financial LLC acquired a new position in Cactus in the fourth quarter valued at approximately $246,000. Finally, Dfpg Investments LLC lifted its holdings in Cactus by 14.5% in the fourth quarter. Dfpg Investments LLC now owns 5,676 shares of the company’s stock valued at $254,000 after acquiring an additional 718 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Trading Up 3.1 %

Shares of WHD stock opened at $51.59 on Tuesday. 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 company has a market cap of $4.10 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.57 and a beta of 1.95. The stock has a 50 day simple moving average of $50.80 and a 200-day simple moving average of $47.13. Cactus, Inc. has a 1-year low of $37.58 and a 1-year high of $57.00.

Cactus (NYSE:WHD) last announced 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 business had revenue of $274.12 million during 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 business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 EPS. On average, equities research analysts expect that Cactus, Inc. will post 2.94 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Tuesday, May 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, May 28th. Cactus’s payout ratio is 19.12%.

Wall Street Analysts Forecast Growth

WHD has been the subject of a number of analyst reports. Johnson Rice downgraded Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Bank of America boosted their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Benchmark reissued a “hold” rating on shares of Cactus in a report on Monday, May 6th. Finally, Barclays boosted their price target 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 given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.14.

Insider Buying and Selling

In related news, President Joel Bender sold 201,585 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.03, for a total transaction of $10,488,467.55. Following the completion of the sale, the president now directly owns 555,001 shares in the company, valued at $28,876,702.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP William D. Marsh sold 2,059 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1,852 shares in the company, valued at $94,507.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Joel Bender sold 201,585 shares of the business’s stock in a transaction that occurred on 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 owns 555,001 shares of the company’s stock, valued at $28,876,702.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 602,059 shares of company stock worth $30,948,949. 16.84% of the stock is owned by corporate insiders.

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.