Cactus, Inc. (NYSE:WHD) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Cactus, Inc. (NYSE:WHD) by 36.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 363,951 shares of the company’s stock after purchasing an additional 97,570 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.46% of Cactus worth $21,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WHD. Makaira Partners LLC raised its position in Cactus by 399.6% in the 2nd quarter. Makaira Partners LLC now owns 499,581 shares of the company’s stock valued at $26,348,000 after purchasing an additional 399,581 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Cactus in the third quarter valued at approximately $13,647,000. Bridgewater Associates LP purchased a new position in Cactus in the third quarter worth approximately $9,501,000. Public Sector Pension Investment Board purchased a new position in Cactus in the second quarter worth approximately $7,627,000. Finally, Assenagon Asset Management S.A. grew its holdings in Cactus by 394.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock worth $9,338,000 after acquiring an additional 127,614 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cactus

In related news, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the transaction, the director now directly owns 12,177 shares in the company, valued at approximately $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the transaction, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,500 shares of company stock valued at $8,916,325. Corporate insiders own 16.84% of the company’s stock.

Cactus Trading Down 1.4 %

Shares of Cactus stock opened at $62.88 on Thursday. Cactus, Inc. has a 1 year low of $38.79 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The business has a 50 day moving average price of $62.67 and a 200 day moving average price of $60.80. The company has a market capitalization of $5.00 billion, a P/E ratio of 22.30, a P/E/G ratio of 5.47 and a beta of 1.98.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $287.47 million. During the same period last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.83%. Cactus’s dividend payout ratio is currently 18.44%.

Analysts Set New Price Targets

WHD has been the topic of several recent analyst reports. Bank of America increased their target price on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Stifel Nicolaus dropped their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Finally, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.40.

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.