Alliance Wealth Advisors LLC UT Has $879,000 Stock Holdings in Cactus, Inc. (NYSE:WHD)

Alliance Wealth Advisors LLC UT increased its holdings in Cactus, Inc. (NYSE:WHD) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,060 shares of the company’s stock after purchasing an additional 987 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Cactus were worth $879,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of WHD. New York State Teachers Retirement System boosted its position in Cactus by 1.3% in the third quarter. New York State Teachers Retirement System now owns 15,500 shares of the company’s stock valued at $925,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Cactus by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock worth $2,182,000 after buying an additional 301 shares in the last quarter. Versant Capital Management Inc increased its position in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after acquiring an additional 359 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Cactus during the third quarter valued at approximately $34,000. 85.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WHD shares. Stifel Nicolaus cut their price target on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research note on Monday, November 4th. Finally, Bank of America lifted their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and an average target price of $56.40.

Insiders Place Their Bets

In related news, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the sale, the chief operating officer now directly owns 57,567 shares in the company, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the transaction, the director now directly owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

Cactus Stock Performance

WHD stock opened at $59.22 on Tuesday. Cactus, Inc. has a 1-year low of $40.28 and a 1-year high of $70.01. 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 firm has a market cap of $4.71 billion, a PE ratio of 21.00, a P/E/G ratio of 5.14 and a beta of 1.97. The business’s 50-day moving average price is $61.83 and its two-hundred day moving average price is $61.15.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.88%. Cactus’s payout ratio is 18.44%.

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.