Vanguard Group Inc. Purchases 23,018 Shares of Cactus, Inc. (NYSE:WHD)

Vanguard Group Inc. grew its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,370,309 shares of the company's stock after acquiring an additional 23,018 shares during the quarter. Vanguard Group Inc. owned about 8.02% of Cactus worth $319,853,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of WHD. Public Employees Retirement System of Ohio boosted its holdings in shares of Cactus by 59.9% during the third quarter. Public Employees Retirement System of Ohio now owns 678 shares of the company's stock valued at $26,000 after acquiring an additional 254 shares during the period. Belpointe Asset Management LLC acquired a new stake in Cactus in the first quarter worth about $27,000. State of Wyoming acquired a new stake in Cactus in the fourth quarter worth about $28,000. NewEdge Advisors LLC lifted its holdings in Cactus by 886.7% in the first quarter. NewEdge Advisors LLC now owns 740 shares of the company's stock worth $31,000 after purchasing an additional 665 shares during the period. Finally, Pinebridge Investments L.P. acquired a new stake in Cactus in the second quarter worth about $36,000. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WHD shares. Stifel Nicolaus reduced their price objective on shares of Cactus from $68.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, January 3rd. Benchmark cut shares of Cactus from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $55.86.

Cactus Stock Up 0.5 %

Shares of NYSE WHD traded up $0.27 during mid-day trading on Thursday, reaching $50.07. The company had a trading volume of 541,072 shares, compared to its average volume of 642,562. The stock has a fifty day moving average of $45.06 and a two-hundred day moving average of $45.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 8.41 and a beta of 1.95. Cactus, Inc. has a 12-month low of $31.36 and a 12-month high of $57.00.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.13. The business had revenue of $274.87 million during the quarter, compared to analyst estimates of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The firm's revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. As a group, equities research analysts expect that Cactus, Inc. will post 3.04 EPS for the current year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, February 23rd. Cactus's payout ratio is presently 18.82%.

Insider Activity at Cactus

In related news, CEO Scott Bender sold 78,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now owns 20 shares of the company's stock, valued at $915.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP William D. Marsh sold 1,700 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Scott Bender sold 78,000 shares of the firm's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares in the company, valued at approximately $915.80. The disclosure for this sale can be found here. Insiders own 17.72% of the company's stock.

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.