Tudor Investment Corp ET AL Sells 145,085 Shares of Cactus, Inc. $WHD

Tudor Investment Corp ET AL lowered its stake in Cactus, Inc. (NYSE:WHD) by 92.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,480 shares of the company’s stock after selling 145,085 shares during the period. Tudor Investment Corp ET AL’s holdings in Cactus were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the company. Vest Financial LLC raised its holdings in shares of Cactus by 35.3% during the 3rd quarter. Vest Financial LLC now owns 107,899 shares of the company’s stock worth $4,259,000 after buying an additional 28,139 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its position in shares of Cactus by 249.2% during the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 28,388 shares of the company’s stock worth $1,120,000 after purchasing an additional 20,258 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cactus in the 3rd quarter valued at about $1,872,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Cactus during the third quarter worth $525,000. Finally, Edgestream Partners L.P. bought a new position in Cactus during the 2nd quarter valued at $2,835,000. 85.11% of the stock is owned by institutional investors.

Cactus Stock Down 0.8%

Cactus stock opened at $46.99 on Thursday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 4.69 and a beta of 1.31. The company has a current ratio of 5.81, a quick ratio of 4.13 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $33.20 and a 12 month high of $59.25. The stock has a fifty day simple moving average of $52.69 and a two-hundred day simple moving average of $46.50.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Cactus had a return on equity of 15.18% and a net margin of 15.39%.The company had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $250.60 million. During the same period last year, the firm posted $0.71 earnings per share. Cactus’s revenue was down 4.0% compared to the same quarter last year. Equities analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Monday, March 2nd were given a dividend of $0.14 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.56 annualized dividend and a yield of 1.2%. Cactus’s payout ratio is 23.33%.

Insider Transactions at Cactus

In other Cactus news, President Joel Bender sold 106,809 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28. Following the completion of the sale, the president owned 27,793 shares in the company, valued at $1,387,426.56. This represents a 79.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 200,000 shares of company stock worth $10,039,080 over the last three months. Insiders own 13.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on WHD. Zacks Research cut shares of Cactus from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Wall Street Zen lowered shares of Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Piper Sandler assumed coverage on shares of Cactus in a report on Tuesday, February 24th. They set an “overweight” rating and a $73.00 price objective for the company. Citigroup boosted their target price on Cactus from $55.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Finally, Barclays upped their target price on Cactus from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.33.

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