Headlands Technologies LLC Sells 1,704 Shares of Cactus, Inc. (NYSE:WHD)

Headlands Technologies LLC trimmed its stake in Cactus, Inc. (NYSE:WHD) by 64.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 959 shares of the company’s stock after selling 1,704 shares during the quarter. Headlands Technologies LLC’s holdings in Cactus were worth $44,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Cactus during the fourth quarter valued at $33,000. NBC Securities Inc. bought a new position in shares of Cactus during the third quarter valued at $36,000. Signaturefd LLC lifted its holdings in shares of Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Cactus during the third quarter valued at $70,000. Finally, Park Avenue Securities LLC purchased a new stake in Cactus during the third quarter valued at $208,000. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on WHD shares. Stifel Nicolaus reduced their price target on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, January 3rd. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Bank of America upped their price target on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $55.29.

Insider Activity at Cactus

In related news, CEO Scott Bender sold 78,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the transaction, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the completion of the sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The disclosure for this sale can be found here. 17.72% of the stock is owned by corporate insiders.

Cactus Stock Performance

NYSE:WHD opened at $49.55 on Thursday. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12-month low of $31.36 and a 12-month high of $57.00. The stock has a 50-day moving average price of $48.99 and a 200 day moving average price of $45.59. The stock has a market capitalization of $3.93 billion, a P/E ratio of 19.43, a P/E/G ratio of 8.93 and a beta of 1.95.

Cactus (NYSE:WHD) last released its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The firm had revenue of $274.87 million during the quarter, compared to analysts’ expectations of $268.56 million. During the same quarter last year, the business posted $0.57 earnings per share. The firm’s revenue was up 46.4% on a year-over-year basis. Equities research analysts forecast that Cactus, Inc. will post 2.87 EPS for the current fiscal year.

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.