VIRGINIA RETIREMENT SYSTEMS ET Al Sells 21,600 Shares of Cactus, Inc. $WHD

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its position in Cactus, Inc. (NYSE:WHD) by 65.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the company’s stock after selling 21,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Cactus were worth $442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WHD. Gilbert & Cook Inc. increased its stake in shares of Cactus by 2.0% in the second quarter. Gilbert & Cook Inc. now owns 13,030 shares of the company’s stock valued at $570,000 after buying an additional 259 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Cactus by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after acquiring an additional 269 shares during the last quarter. California State Teachers Retirement System grew its holdings in Cactus by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after acquiring an additional 306 shares during the last quarter. Amalgamated Bank increased its position in Cactus by 2.4% in the 2nd quarter. Amalgamated Bank now owns 19,443 shares of the company’s stock valued at $850,000 after acquiring an additional 456 shares during the period. Finally, Atria Investments Inc raised its stake in shares of Cactus by 6.4% during the second quarter. Atria Investments Inc now owns 8,083 shares of the company’s stock valued at $353,000 after acquiring an additional 489 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on WHD shares. Citigroup upgraded shares of Cactus from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $55.00 in a report on Thursday, December 11th. Barclays lifted their target price on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Zacks Research upgraded Cactus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Stifel Nicolaus raised their price objective on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.20.

Cactus Stock Performance

Shares of Cactus stock opened at $49.84 on Tuesday. The company has a current ratio of 5.28, a quick ratio of 3.74 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $44.03 and a two-hundred day moving average price of $42.21. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $65.35. The company has a market cap of $3.98 billion, a P/E ratio of 19.86, a PEG ratio of 4.72 and a beta of 1.26.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The company had revenue of $263.95 million for the quarter, compared to the consensus estimate of $253.89 million. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. As a group, analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 1st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, December 1st. Cactus’s dividend payout ratio is presently 22.31%.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.