106,891 Shares in Cactus, Inc. $WHD Bought by Atom Investors LP

Atom Investors LP bought a new position in Cactus, Inc. (NYSE:WHD) in the 4th quarter, Holdings Channel.com reports. The fund bought 106,891 shares of the company’s stock, valued at approximately $4,883,000.

Several other hedge funds also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in Cactus by 8.6% in the 4th quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $126,000 after buying an additional 219 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Cactus by 67.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after buying an additional 259 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in Cactus by 0.5% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after buying an additional 269 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Cactus by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after buying an additional 300 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Cactus by 0.5% in the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after buying an additional 306 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Down 0.9%

Shares of NYSE:WHD opened at $57.55 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $33.20 and a 12 month high of $64.30. The company has a 50-day moving average price of $56.79 and a 200 day moving average price of $52.62. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 2.30 and a beta of 1.37.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The firm had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 38.5% compared to the same quarter last year. As a group, equities research analysts predict that Cactus, Inc. will post 2.85 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. Cactus’s dividend payout ratio (DPR) is presently 52.83%.

Insider Transactions at Cactus

In other Cactus news, Director Michael Y. Mcgovern sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total transaction of $678,840.00. Following the transaction, the director owned 15,990 shares in the company, valued at $904,554.30. The trade was a 42.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Semple sold 10,206 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the transaction, the director owned 29,444 shares in the company, valued at $1,667,119.28. This trade represents a 25.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 12.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Piper Sandler upped their target price on shares of Cactus from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Citigroup upped their target price on shares of Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cactus presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

About Cactus

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.