Van ECK Associates Corp Buys 68,718 Shares of Cactus, Inc. (NYSE:WHD)

Van ECK Associates Corp boosted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,082,658 shares of the company's stock after buying an additional 68,718 shares during the period. Van ECK Associates Corp owned 1.36% of Cactus worth $63,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WHD. Quest Partners LLC acquired a new position in shares of Cactus in the third quarter worth about $34,000. Versant Capital Management Inc lifted its position in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after purchasing an additional 359 shares in the last quarter. KBC Group NV lifted its position in shares of Cactus by 54.2% in the fourth quarter. KBC Group NV now owns 3,013 shares of the company's stock worth $176,000 after purchasing an additional 1,059 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Cactus in the third quarter worth approximately $177,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock worth $188,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

Insider Buying and Selling

In other news, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price target for the company. in a research report on Monday, November 4th. One equities research 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $56.40.

Cactus Trading Down 0.2 %

Cactus stock traded down $0.12 during trading hours on Monday, reaching $59.99. 581,189 shares of the company's stock traded hands, compared to its average volume of 448,905. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a fifty-two week low of $43.24 and a fifty-two week high of $70.01. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 5.14 and a beta of 1.97. The firm's 50 day moving average is $60.52 and its 200-day moving average is $61.16.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.87%. Cactus's payout ratio is 18.44%.

Cactus 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.