Aigen Investment Management LP Boosts Stake in Cactus, Inc. (NYSE:WHD)

Aigen Investment Management LP raised its stake in shares of Cactus, Inc. (NYSE:WHD) by 23.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,993 shares of the company’s stock after purchasing an additional 2,261 shares during the period. Aigen Investment Management LP’s holdings in Cactus were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in Cactus during the fourth quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in Cactus during the third quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in Cactus during the fourth quarter valued at approximately $33,000. Signaturefd LLC raised its position in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Cactus during the third quarter valued at approximately $134,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Scott Bender sold 78,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cactus news, CEO Scott Bender sold 78,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now owns 20 shares in the company, valued at $915.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 681,759 shares of company stock valued at $34,599,109 over the last quarter. 17.72% of the stock is owned by corporate insiders.

Cactus Stock Up 0.9 %

Shares of NYSE:WHD opened at $50.70 on Thursday. Cactus, Inc. has a 52-week low of $31.36 and a 52-week high of $57.00. The stock has a market cap of $4.03 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.95. The business’s 50 day moving average is $50.53 and its 200 day moving average is $45.84. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The company had revenue of $274.12 million for the quarter, compared to analysts’ expectations of $270.70 million. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Cactus’s revenue was up 20.0% compared to the same quarter last year. Sell-side analysts predict that Cactus, Inc. will post 2.94 EPS for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $0.48 annualized dividend and a yield of 0.95%. Cactus’s dividend payout ratio (DPR) is currently 19.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WHD. Barclays upped their target price on Cactus from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Bank of America upped their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cactus in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.14.

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.