US Bancorp DE Has $1.43 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

US Bancorp DE trimmed its position in Cactus, Inc. (NYSE:WHD) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 23,991 shares of the company’s stock after selling 2,835 shares during the quarter. US Bancorp DE’s holdings in Cactus were worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Cactus by 33.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after purchasing an additional 340 shares during the last quarter. SG Americas Securities LLC acquired a new position in Cactus during the first quarter worth about $115,000. Covestor Ltd lifted its holdings in shares of Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after acquiring an additional 1,795 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares in the last quarter. Finally, Cim LLC acquired a new stake in shares of Cactus in the 2nd quarter valued at approximately $219,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on WHD shares. Bank of America increased their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research report on Monday. Finally, Piper Sandler dropped their target price on Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Cactus currently has a consensus rating of “Hold” and a consensus price target of $56.40.

Insider Transactions at Cactus

In related news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at $2,230,501.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.84% of the stock is currently owned by corporate insiders.

Cactus Stock Down 4.6 %

Shares of NYSE:WHD opened at $66.16 on Friday. The firm has a market cap of $5.26 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.92 and a beta of 1.95. Cactus, Inc. has a 12-month low of $37.58 and a 12-month high of $69.77. The business has a fifty day simple moving average of $60.12 and a 200 day simple moving average of $56.25. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts predict that Cactus, Inc. will post 3.05 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Monday, December 2nd. Cactus’s dividend payout ratio is currently 18.44%.

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.