Raymond James & Associates reduced its holdings in shares of Cactus, Inc. (NYSE:WHD – Get Rating) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,903 shares of the company’s stock after selling 811 shares during the quarter. Raymond James & Associates owned approximately 0.11% of Cactus worth $4,368,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of WHD. PNC Financial Services Group Inc. increased its position in Cactus by 70.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,016 shares of the company’s stock worth $172,000 after buying an additional 1,247 shares during the last quarter. MetLife Investment Management LLC increased its position in Cactus by 55.2% in the first quarter. MetLife Investment Management LLC now owns 30,390 shares of the company’s stock worth $1,724,000 after buying an additional 10,813 shares during the last quarter. BlackRock Inc. increased its position in Cactus by 2.4% in the first quarter. BlackRock Inc. now owns 3,987,233 shares of the company’s stock worth $226,236,000 after buying an additional 94,603 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Cactus in the first quarter worth $268,000. Finally, Dimensional Fund Advisors LP increased its position in Cactus by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 950,570 shares of the company’s stock worth $53,933,000 after buying an additional 10,327 shares during the last quarter. 83.06% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Cactus news, CAO Donna L. Anderson sold 2,985 shares of Cactus stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $47.83, for a total transaction of $142,772.55. Following the completion of the sale, the chief accounting officer now owns 3,262 shares of the company’s stock, valued at $156,021.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 17.72% of the company’s stock.
Cactus Price Performance
Cactus (NYSE:WHD – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. Cactus had a return on equity of 19.95% and a net margin of 17.18%. The business had revenue of $228.40 million during the quarter, compared to analysts’ expectations of $217.45 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 56.5% on a year-over-year basis. On average, research analysts forecast that Cactus, Inc. will post 2.31 earnings per share for the current fiscal year.
Cactus Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.23%. The ex-dividend date is Friday, May 26th. Cactus’s dividend payout ratio (DPR) is currently 21.15%.
Wall Street Analysts Forecast Growth
WHD has been the subject of a number of recent research reports. Barclays decreased their target price on Cactus from $50.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 28th. Citigroup reduced their price target on Cactus from $48.00 to $40.00 in a research report on Thursday, May 18th. Finally, Stifel Nicolaus reduced their price target on Cactus from $64.00 to $61.00 in a research report on Friday, May 19th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Cactus has a consensus rating of “Hold” and a consensus price target of $55.17.
Cactus Company Profile
Cactus, Inc is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment.
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