Cactus, Inc. (NYSE:WHD) Shares Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 36.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,951 shares of the company's stock after purchasing an additional 97,570 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.46% of Cactus worth $21,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in WHD. Envestnet Asset Management Inc. grew its position in Cactus by 9.6% during the second quarter. Envestnet Asset Management Inc. now owns 82,641 shares of the company's stock valued at $4,358,000 after buying an additional 7,231 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cactus by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,153,087 shares of the company's stock worth $60,811,000 after acquiring an additional 38,983 shares in the last quarter. Amalgamated Bank grew its position in shares of Cactus by 800.4% during the 2nd quarter. Amalgamated Bank now owns 20,071 shares of the company's stock valued at $1,059,000 after acquiring an additional 17,842 shares during the period. Sei Investments Co. increased its stake in shares of Cactus by 3.5% in the 2nd quarter. Sei Investments Co. now owns 357,201 shares of the company's stock valued at $18,839,000 after purchasing an additional 11,973 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Cactus by 175.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 54,546 shares of the company's stock worth $2,877,000 after purchasing an additional 34,775 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cactus

In other news, COO Steven Bender sold 100,000 shares of the company's stock in a transaction that occurred 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 approximately $3,762,003.45. This represents a 63.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of Cactus stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the sale, the director now owns 12,177 shares of the company's stock, valued at $794,183.94. This trade represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,500 shares of company stock worth $8,916,325. Insiders own 17.72% of the company's stock.

Cactus Trading Up 0.0 %

Cactus stock traded up $0.02 during trading on Thursday, reaching $62.89. 228,998 shares of the company were exchanged, compared to its average volume of 458,811. 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 stock's 50 day simple moving average is $62.67 and its two-hundred day simple moving average is $60.80. The company has a market capitalization of $5.00 billion, a P/E ratio of 22.30, a PEG ratio of 5.48 and a beta of 1.98. Cactus, Inc. has a 52-week low of $39.10 and a 52-week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Cactus's quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus's dividend payout ratio is presently 18.44%.

Analysts Set New Price Targets

A number of analysts have recently commented on WHD shares. Barclays cut Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a research report on Monday, November 4th. Stifel Nicolaus decreased their price objective on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, Bank of America raised their price target on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus 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.