Diversify Advisory Services LLC Cuts Stake in Cactus, Inc. (NYSE:WHD)

Diversify Advisory Services LLC lowered its holdings in Cactus, Inc. (NYSE:WHD) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,055 shares of the company’s stock after selling 194 shares during the quarter. Diversify Advisory Services LLC’s holdings in Cactus were worth $241,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after acquiring an additional 52,085 shares in the last quarter. State Street Corp increased its holdings in shares of Cactus by 3.0% during the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock valued at $164,436,000 after acquiring an additional 81,149 shares in the last quarter. Geode Capital Management LLC grew its position in Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock worth $104,934,000 after purchasing an additional 106,819 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cactus by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,087 shares of the company’s stock worth $60,811,000 after buying an additional 38,983 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Cactus by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 761,745 shares of the company’s stock valued at $45,453,000 after acquiring an additional 28,663 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cactus

In other news, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven Bender sold 100,000 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 138,500 shares of company stock worth $8,916,325 in the last three months. Insiders own 17.72% of the company’s stock.

Cactus Stock Up 0.0 %

Shares of NYSE:WHD opened at $62.89 on Friday. Cactus, Inc. has a fifty-two week low of $39.10 and a fifty-two week high of $70.01. The firm’s 50 day moving average price is $62.62 and its 200 day moving average price is $60.82. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 5.48 and a beta of 1.98.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. As a group, equities research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared 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. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Ratings Changes

A number of equities analysts have weighed in on WHD shares. Stifel Nicolaus reduced their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Bank of America increased their price target on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Finally, Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cactus has a consensus rating of “Hold” and a consensus target price 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.