32,800 Shares in Cactus, Inc. $WHD Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cactus, Inc. (NYSE:WHD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 32,800 shares of the company’s stock, valued at approximately $1,434,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after purchasing an additional 543 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Cactus during the 1st quarter worth approximately $57,000. Financial Harvest LLC acquired a new stake in Cactus during the 1st quarter worth approximately $130,000. CWM LLC lifted its holdings in Cactus by 131.7% during the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock worth $130,000 after purchasing an additional 1,686 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company’s stock worth $155,000 after purchasing an additional 360 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WHD. Stifel Nicolaus dropped their price target on Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a report on Friday, August 1st. Wall Street Zen upgraded Cactus from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a report on Wednesday, October 8th. Zacks Research cut Cactus from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.67.

Cactus Trading Down 0.7%

Shares of WHD stock opened at $37.64 on Thursday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 14.20, a P/E/G ratio of 3.59 and a beta of 1.48. Cactus, Inc. has a twelve month low of $33.20 and a twelve month high of $70.01. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $39.46 and its 200 day simple moving average is $41.24.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The firm had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%.The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 EPS. As a group, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were given a $0.14 dividend. This is a boost from Cactus’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, August 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. Cactus’s dividend payout ratio is presently 21.13%.

Insider Activity at Cactus

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total value of $420,307.04. Following the sale, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. The trade was a 47.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 13.75% of the company’s stock.

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.