24,881 Shares in Cactus, Inc. (NYSE:WHD) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cactus, Inc. (NYSE:WHD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,881 shares of the company's stock, valued at approximately $1,485,000.

A number of other institutional investors have also bought and sold shares of WHD. New York State Teachers Retirement System lifted its position in shares of Cactus by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock valued at $925,000 after acquiring an additional 200 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of Cactus by 0.6% in the 2nd quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company's stock valued at $1,678,000 after buying an additional 202 shares during the period. Nisa Investment Advisors LLC increased its position in Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock valued at $188,000 after buying an additional 307 shares in the last quarter. GAMMA Investing LLC raised its stake in Cactus by 33.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,345 shares of the company's stock worth $71,000 after buying an additional 340 shares during the period. Finally, Quest Partners LLC bought a new position in Cactus in the third quarter worth approximately $34,000. Institutional investors own 85.11% of the company's stock.

Insider Activity

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the sale, the chief executive officer now directly owns 36,357 shares of the company's stock, valued at $2,230,501.95. This represents a 47.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the transaction, the director now directly owns 12,177 shares of the company's stock, valued at approximately $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock valued at $8,916,325 in the last ninety days. 17.72% of the stock is currently owned by insiders.

Cactus Stock Up 0.8 %

Shares of NYSE WHD traded up $0.54 during trading on Friday, hitting $68.99. The stock had a trading volume of 672,017 shares, compared to its average volume of 725,423. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The firm has a fifty day moving average of $62.13 and a two-hundred day moving average of $57.30. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $70.01. The company has a market capitalization of $5.49 billion, a PE ratio of 24.46, a PEG ratio of 3.23 and a beta of 1.95.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same period in the prior year, the firm posted $0.80 EPS. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. Cactus's dividend payout ratio (DPR) is presently 18.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WHD shares. Barclays lowered Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 target price on the stock. in a research report on Monday, November 4th. Stifel Nicolaus reduced their price objective on shares of Cactus from $69.00 to $67.00 and set a "buy" rating for the company in a report on Friday, October 11th. Finally, Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a report on Monday, October 14th. One 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's stock. According to data from MarketBeat, Cactus has an average rating of "Hold" and an average target price of $56.40.

About Cactus

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.