Strs Ohio Decreases Stock Holdings in Cactus, Inc. (NYSE:WHD)

Strs Ohio lowered its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 34.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,500 shares of the company's stock after selling 42,000 shares during the period. Strs Ohio owned approximately 0.10% of Cactus worth $3,654,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Cactus by 181.5% in the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company's stock valued at $95,319,000 after acquiring an additional 1,224,079 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Cactus by 510.9% during the first quarter. Invesco Ltd. now owns 864,909 shares of the company's stock valued at $49,075,000 after purchasing an additional 723,339 shares during the period. Wellington Management Group LLP boosted its position in shares of Cactus by 53.5% during the 1st quarter. Wellington Management Group LLP now owns 1,352,737 shares of the company's stock worth $76,755,000 after purchasing an additional 471,418 shares in the last quarter. Norges Bank acquired a new stake in shares of Cactus in the 4th quarter valued at about $23,617,000. Finally, State Street Corp increased its position in Cactus by 25.5% in the 1st quarter. State Street Corp now owns 1,816,969 shares of the company's stock valued at $74,914,000 after buying an additional 369,003 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Insider Transactions at Cactus

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

Cactus Stock Up 2.9 %

Cactus stock traded up $1.41 during midday trading on Friday, hitting $50.58. 391,220 shares of the stock were exchanged, compared to its average volume of 609,518. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 8.89 and a beta of 1.96. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The business's 50-day moving average price is $47.95 and its 200-day moving average price is $45.48. Cactus, Inc. has a 52-week low of $31.36 and a 52-week high of $57.00.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The company had revenue of $274.87 million for the quarter, compared to analysts' expectations of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. Cactus's revenue was up 46.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. On average, research analysts expect that Cactus, Inc. will post 2.87 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were paid a $0.12 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. Cactus's dividend payout ratio (DPR) is currently 18.82%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Cactus from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Wednesday, January 3rd. Bank of America increased their target price on Cactus from $40.00 to $43.00 and gave the stock an "underperform" rating in a report on Monday. Finally, Benchmark lowered shares of Cactus from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $55.29.

Cactus Company 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.