Public Sector Pension Investment Board Has $8.41 Million Holdings in Cactus, Inc. (NYSE:WHD)

Public Sector Pension Investment Board decreased its holdings in Cactus, Inc. (NYSE:WHD) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 141,007 shares of the company’s stock after selling 3,600 shares during the quarter. Public Sector Pension Investment Board owned 0.18% of Cactus worth $8,414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WHD. Pacer Advisors Inc. purchased a new position in Cactus during the 2nd quarter worth $122,623,000. Makaira Partners LLC raised its stake in shares of Cactus by 399.6% during the 2nd quarter. Makaira Partners LLC now owns 499,581 shares of the company’s stock worth $26,348,000 after purchasing an additional 399,581 shares during the period. Principal Financial Group Inc. raised its position in Cactus by 3,604.5% in the second quarter. Principal Financial Group Inc. now owns 326,518 shares of the company’s stock worth $17,221,000 after acquiring an additional 317,704 shares during the period. Barlow Wealth Partners Inc. purchased a new position in Cactus in the second quarter valued at about $14,553,000. Finally, Bridgewater Associates LP bought a new position in shares of Cactus during the 3rd quarter valued at approximately $9,501,000. 85.11% of the stock is owned by institutional investors.

Cactus Price Performance

Shares of Cactus stock opened at $68.66 on Friday. The firm has a market capitalization of $5.46 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.19 and a beta of 1.95. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $70.01. The business’s 50-day moving average price is $62.98 and its 200-day moving average price is $57.90.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.80 earnings per share. Sell-side analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.76%. The ex-dividend date is Monday, December 2nd. Cactus’s dividend payout ratio is presently 18.44%.

Insiders Place Their Bets

In other news, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Stephen Tadlock sold 33,500 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the transaction, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock valued at $8,916,325 over the last three months. Insiders own 17.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WHD shares. Bank of America upped their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Stifel Nicolaus dropped their price target on Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cactus has an average rating of “Hold” and a consensus price target of $56.40.

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.