Charles Schwab Investment Management Inc. Has $41.04 Million Position in Cactus, Inc. (NYSE:WHD)

Charles Schwab Investment Management Inc. increased its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 687,816 shares of the company's stock after purchasing an additional 53,318 shares during the period. Charles Schwab Investment Management Inc. owned 0.86% of Cactus worth $41,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quest Partners LLC acquired a new position in shares of Cactus in the third quarter valued at $34,000. GAMMA Investing LLC lifted its position in Cactus by 33.8% during the second quarter. GAMMA Investing LLC now owns 1,345 shares of the company's stock worth $71,000 after acquiring an additional 340 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock worth $188,000 after acquiring an additional 307 shares during the period. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Cactus during the third quarter worth approximately $209,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Cactus in the third quarter valued at approximately $212,000. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America boosted their price target on Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. Stifel Nicolaus lowered their price target on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, Barclays cut shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a research note 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 assigned a buy rating to the stock. According to data from MarketBeat, Cactus presently has an average rating of "Hold" and a consensus target price of $56.40.

Insider Activity at Cactus

In other 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 transaction of $6,535,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen Tadlock sold 33,500 shares of the company's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now directly owns 36,357 shares of the company's stock, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,500 shares of company stock valued at $8,916,325 over the last ninety days. 16.84% of the stock is owned by corporate insiders.

Cactus Price Performance

WHD traded down $0.10 on Tuesday, hitting $66.97. 549,149 shares of the stock were exchanged, compared to its average volume of 732,002. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.17 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a 12 month low of $37.58 and a 12 month high of $70.01. The business has a 50-day moving average of $63.17 and a two-hundred day moving average of $58.23.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $287.47 million. During the same quarter last year, the business posted $0.80 EPS. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side 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. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. Cactus's dividend payout ratio is currently 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.