Cactus, Inc. (NYSE:WHD) Shares Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL raised its stake in shares of Cactus, Inc. (NYSE:WHD) by 23.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,665 shares of the company’s stock after purchasing an additional 3,709 shares during the quarter. Cactus comprises 1.1% of Chesapeake Capital Corp IL’s holdings, making the stock its 16th biggest position. Chesapeake Capital Corp IL’s holdings in Cactus were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $71,000 after purchasing an additional 340 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Cactus in the first quarter worth $115,000. Covestor Ltd increased its stake in shares of Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $126,000 after acquiring an additional 1,795 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after acquiring an additional 307 shares during the period. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Cactus in the third quarter worth $209,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Down 1.9 %

WHD stock opened at $64.36 on Friday. The firm has a market cap of $5.12 billion, a PE ratio of 22.82, a P/E/G ratio of 3.05 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm’s fifty day moving average is $61.24 and its 200 day moving average is $56.90. Cactus, Inc. has a one year low of $37.58 and a one year high of $70.01.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The business had revenue of $293.18 million for 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 period last year, the firm posted $0.80 earnings per share. On average, research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.81%. The ex-dividend date is Monday, December 2nd. Cactus’s payout ratio is 18.44%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Bank of America increased their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $56.40.

Insider Buying and Selling at Cactus

In other Cactus news, COO Steven Bender sold 100,000 shares of the 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 transaction, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the completion of the transaction, the chief executive officer now directly owns 36,357 shares in the company, valued at approximately $2,230,501.95. This represents a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.72% of the company’s stock.

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.