Tudor Investment Corp ET AL Sells 145,085 Shares of Cactus, Inc. $WHD

Tudor Investment Corp ET AL reduced its stake in shares of Cactus, Inc. (NYSE:WHD) by 92.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,480 shares of the company’s stock after selling 145,085 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Cactus were worth $493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WHD. CIBC Bancorp USA Inc. acquired a new stake in shares of Cactus during the third quarter worth approximately $289,000. Danske Bank A S bought a new stake in Cactus during the 3rd quarter worth about $1,070,000. Kestra Private Wealth Services LLC raised its stake in shares of Cactus by 11.6% during the third quarter. Kestra Private Wealth Services LLC now owns 10,220 shares of the company’s stock worth $403,000 after buying an additional 1,060 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Cactus by 2.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 59,532 shares of the company’s stock valued at $2,393,000 after buying an additional 1,594 shares during the period. Finally, Dark Forest Capital Management LP boosted its stake in Cactus by 122.3% in the third quarter. Dark Forest Capital Management LP now owns 33,530 shares of the company’s stock valued at $1,323,000 after acquiring an additional 18,444 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on WHD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Wall Street Zen lowered Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Piper Sandler began coverage on Cactus in a research note on Tuesday, February 24th. They set an “overweight” rating and a $73.00 price objective for the company. Barclays upped their price objective on Cactus from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, Citigroup increased their target price on Cactus from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

Cactus Trading Down 0.8%

Shares of NYSE WHD opened at $46.99 on Thursday. The company’s fifty day moving average is $52.69 and its 200-day moving average is $46.50. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 4.69 and a beta of 1.31. Cactus, Inc. has a twelve month low of $33.20 and a twelve month high of $59.25. The company has a quick ratio of 4.13, a current ratio of 5.81 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Cactus had a net margin of 15.39% and a return on equity of 15.18%. The business had revenue of $261.20 million during the quarter, compared to analysts’ expectations of $250.60 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 2nd were issued a $0.14 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. Cactus’s dividend payout ratio (DPR) is 23.33%.

Insider Activity

In other news, President Joel Bender sold 106,809 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $49.92, for a total value of $5,331,905.28. Following the sale, the president owned 27,793 shares of the company’s stock, valued at $1,387,426.56. The trade was a 79.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 200,000 shares of company stock valued at $10,039,080 in the last 90 days. 13.75% of the stock is owned by company insiders.

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.