Barclays PLC Has $7.37 Million Holdings in Cactus, Inc. (NYSE:WHD)

Barclays PLC lifted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 429.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,562 shares of the company's stock after acquiring an additional 100,223 shares during the period. Barclays PLC owned approximately 0.16% of Cactus worth $7,373,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. acquired a new position in shares of Cactus in the 2nd quarter valued at $122,623,000. Makaira Partners LLC grew its stake in shares of Cactus by 399.6% in the 2nd quarter. Makaira Partners LLC now owns 499,581 shares of the company's stock valued at $26,348,000 after purchasing an additional 399,581 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Cactus by 3,604.5% in the 2nd quarter. Principal Financial Group Inc. now owns 326,518 shares of the company's stock worth $17,221,000 after buying an additional 317,704 shares in the last quarter. Barlow Wealth Partners Inc. bought a new position in shares of Cactus during the 2nd quarter worth approximately $14,553,000. Finally, Weiss Asset Management LP acquired a new stake in Cactus in the 3rd quarter valued at $13,647,000. Institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays lowered Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 target price for the company. in a research note on Monday, November 4th. Stifel Nicolaus lowered their price target 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 price objective on Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.40.

Insider Activity at Cactus

In other Cactus news, COO Steven Bender sold 100,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total value of $6,535,000.00. Following the transaction, the chief operating officer now directly owns 57,567 shares in the company, valued at $3,762,003.45. The trade was a 63.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total transaction of $326,100.00. Following the sale, the director now owns 12,177 shares of the company's stock, valued at approximately $794,183.94. This represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 138,500 shares of company stock valued at $8,916,325. 17.71% of the stock is owned by corporate insiders.

Cactus Stock Down 2.1 %

Shares of WHD stock traded down $1.25 during trading on Thursday, reaching $56.93. The company's stock had a trading volume of 603,063 shares, compared to its average volume of 728,102. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97. Cactus, Inc. has a one year low of $37.58 and a one year high of $70.01. The business has a fifty day moving average price of $63.82 and a 200-day moving average price of $59.27. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

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

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, December 2nd. Cactus's payout ratio is presently 18.44%.

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.