Townsquare Capital LLC Acquires 5,379 Shares of Cactus, Inc. (NYSE:WHD)

Townsquare Capital LLC increased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 9.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,507 shares of the company’s stock after purchasing an additional 5,379 shares during the period. Townsquare Capital LLC owned 0.08% of Cactus worth $3,610,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $71,000 after purchasing an additional 340 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Cactus by 185.2% in the 2nd quarter. SG Americas Securities LLC now owns 6,551 shares of the company’s stock valued at $346,000 after buying an additional 4,254 shares in the last quarter. Andina Capital Management LLC grew its position in shares of Cactus by 25.2% in the 2nd quarter. Andina Capital Management LLC now owns 10,398 shares of the company’s stock worth $548,000 after buying an additional 2,095 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Cactus during the 2nd quarter worth approximately $1,902,000. Finally, Boston Trust Walden Corp lifted its position in Cactus by 1.3% during the second quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company’s stock valued at $103,119,000 after acquiring an additional 25,839 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WHD has been the topic of several analyst reports. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. Bank of America boosted their target price on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. Finally, Stifel Nicolaus decreased 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.40.

Cactus Trading Up 1.4 %

NYSE WHD opened at $68.66 on Friday. Cactus, Inc. has a 12-month low of $37.58 and a 12-month high of $70.01. The company has a fifty day simple moving average of $62.98 and a two-hundred day simple moving average of $57.90. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.46 billion, a P/E ratio of 24.35, a P/E/G ratio of 3.19 and a beta of 1.95.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. On average, analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be given a $0.13 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 0.76%. Cactus’s dividend payout ratio is currently 18.44%.

Insider Buying and Selling

In other news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now owns 36,357 shares of the company’s stock, valued at $2,230,501.95. The trade was a 47.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total value of $6,535,000.00. Following the transaction, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 138,500 shares of company stock worth $8,916,325. 17.72% of the stock is owned by company 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.