Cactus, Inc. $WHD Shares Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Cactus, Inc. by 230.4%, acquiring an additional 13,110 shares and bringing its total holdings to 18,800 shares worth $862,000.
• Cactus, Inc. reported a quarterly EPS of $0.66, missing analysts' expectations, with a revenue of $273.58 million, down 5.8% year-over-year.
• The company has announced a quarterly dividend increase from $0.13 to $0.14 per share, yielding approximately 1.3% annually.

Dynamic Technology Lab Private Ltd boosted its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 230.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,800 shares of the company's stock after buying an additional 13,110 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Cactus were worth $862,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WHD. Advisors Asset Management Inc. boosted its stake in shares of Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after purchasing an additional 543 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Cactus during the first quarter valued at $57,000. Financial Harvest LLC purchased a new stake in shares of Cactus during the first quarter valued at $130,000. KBC Group NV boosted its stake in shares of Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after purchasing an additional 360 shares during the period. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Cactus by 7.5% during the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock valued at $164,000 after purchasing an additional 250 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WHD has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Wall Street Zen raised shares of Cactus from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Zacks Research lowered shares of Cactus from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Barclays reaffirmed an "overweight" rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $50.75.

Cactus Stock Down 4.1%

Cactus stock traded down $1.72 during trading hours on Friday, reaching $40.00. The stock had a trading volume of 560,876 shares, compared to its average volume of 581,567. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.77 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48. The business's 50 day moving average price is $42.29 and its 200-day moving average price is $42.73. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $273.58 million during the quarter, compared to the consensus estimate of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%.The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Sell-side analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $0.14 dividend. This is a boost from Cactus's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. Cactus's dividend payout ratio is presently 21.13%.

Insider Buying and Selling

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the business's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total value of $420,307.04. Following the completion of the transaction, the executive vice president directly owned 11,088 shares in the company, valued at approximately $458,156.16. The trade was a 47.85% 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. Corporate insiders own 16.84% 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.