Cactus, Inc. $WHD Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its position in Cactus, Inc. (NYSE:WHD) by 6.7% in the 3rd quarter, Holdings Channel reports. The firm owned 354,292 shares of the company’s stock after selling 25,435 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Cactus were worth $22,044,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in WHD. Sax Wealth Advisors LLC bought a new position in shares of Cactus during the third quarter valued at approximately $277,000. GAMMA Investing LLC raised its holdings in shares of Cactus by 45.3% in the third quarter. GAMMA Investing LLC now owns 3,678 shares of the company’s stock worth $229,000 after buying an additional 1,146 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Cactus by 134.4% in the third quarter. Farther Finance Advisors LLC now owns 3,448 shares of the company’s stock worth $215,000 after buying an additional 1,977 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Cactus in the second quarter worth approximately $250,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Cactus by 104.5% during the 2nd quarter. Squarepoint Ops LLC now owns 369,645 shares of the company’s stock worth $18,937,000 after acquiring an additional 188,864 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Insider Transactions at Cactus

In related news, CEO Stephen Tadlock sold 38,455 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the sale, the chief executive officer owned 43,178 shares in the company, valued at approximately $2,754,756.40. The trade was a 47.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Joel Bender sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $70.37, for a total value of $7,037,000.00. Following the completion of the transaction, the president directly owned 41,519 shares in the company, valued at approximately $2,921,692.03. This trade represents a 70.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 463,455 shares of company stock worth $29,495,764 over the last three months. Company insiders own 12.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WHD shares. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a report on Tuesday, September 8th. Citigroup cut their price objective on Cactus from $75.00 to $73.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. Barclays increased their target price on Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus lifted their target price on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $66.60.

Cactus Trading Down 2.0%

Shares of WHD opened at $61.27 on Friday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 1.67 and a beta of 1.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81. Cactus, Inc. has a 1-year low of $34.81 and a 1-year high of $74.07. The company has a 50-day moving average of $67.69 and a 200 day moving average of $59.85.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. The business had revenue of $449.53 million for the quarter, compared to the consensus estimate of $400.82 million. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 EPS. On average, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Monday, August 31st were paid a dividend of $0.15 per share. This is a boost from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, August 31st. Cactus’s payout ratio is presently 51.28%.

About Cactus

Cactus, Inc is an oilfield equipment company that designs, manufactures, sells and rents wellhead and pressure control equipment for onshore oil and gas producers. Its products are used throughout the life cycle of a well, from drilling and completion to production and workover operations.

The company’s offerings include conventional and automated wellheads, production trees, frac stacks, zipper manifolds and other pressure control systems. Cactus also provides equipment installation, field service, maintenance, rental and monitoring services intended to help operators improve wellsite safety, efficiency and control.

Founded in 2011 and headquartered in Houston, Texas, Cactus primarily serves oil and gas customers in North America and select international markets.