Alliance Wealth Advisors LLC UT Acquires 617 Shares of Cactus, Inc. (NYSE:WHD)

Alliance Wealth Advisors LLC UT raised its holdings in Cactus, Inc. (NYSE:WHD) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,348 shares of the company’s stock after buying an additional 617 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Cactus were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. FMR LLC lifted its position in shares of Cactus by 181.5% during the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after buying an additional 1,224,079 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Cactus by 198.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 208,010 shares of the company’s stock worth $9,444,000 after buying an additional 138,294 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Cactus by 43.3% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 412,220 shares of the company’s stock worth $18,715,000 after buying an additional 124,620 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cactus by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock worth $119,404,000 after buying an additional 108,905 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Cactus by 6.7% during the 3rd quarter. Federated Hermes Inc. now owns 579,035 shares of the company’s stock worth $29,073,000 after buying an additional 36,583 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Insider Activity

In other Cactus news, EVP William D. Marsh sold 1,700 shares of the business’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 completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $915.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William D. Marsh sold 1,700 shares of the business’s 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 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. Company insiders own 17.72% of the company’s stock.

Cactus Stock Performance

Cactus stock traded up $0.07 during mid-day trading on Friday, reaching $51.80. The company’s stock had a trading volume of 434,898 shares, compared to its average volume of 485,106. Cactus, Inc. has a 12-month low of $31.36 and a 12-month high of $57.00. The company has a market capitalization of $4.11 billion, a P/E ratio of 20.31, a PEG ratio of 9.32 and a beta of 1.96. 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 firm’s fifty day moving average price is $48.71 and its two-hundred day moving average price is $45.57.

Cactus (NYSE:WHD) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.81 earnings per share for the quarter, beating 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%. Cactus’s revenue was up 46.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Sell-side analysts predict that Cactus, Inc. will post 2.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WHD has been the topic of several recent analyst reports. Benchmark cut shares of Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Stifel Nicolaus dropped their target price on shares of Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd. Finally, Bank of America lifted their target price on shares of Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $55.29.

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.