Holocene Advisors LP Increases Holdings in Cactus, Inc. (NYSE:WHD)

Holocene Advisors LP boosted its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 24.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 74,106 shares of the company's stock after purchasing an additional 14,448 shares during the quarter. Holocene Advisors LP owned about 0.09% of Cactus worth $4,422,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bridgewater Associates LP bought a new stake in Cactus in the third quarter worth approximately $9,501,000. Rhumbline Advisers raised its position in shares of Cactus by 69.7% during the second quarter. Rhumbline Advisers now owns 206,982 shares of the company's stock worth $10,916,000 after purchasing an additional 84,984 shares during the period. TD Asset Management Inc raised its position in shares of Cactus by 160.8% during the second quarter. TD Asset Management Inc now owns 38,600 shares of the company's stock worth $2,036,000 after purchasing an additional 23,800 shares during the period. Amalgamated Bank raised its position in shares of Cactus by 800.4% during the second quarter. Amalgamated Bank now owns 20,071 shares of the company's stock worth $1,059,000 after purchasing an additional 17,842 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in shares of Cactus during the second quarter worth approximately $122,623,000. 85.11% of the stock is currently owned by institutional investors.

Insider Transactions at Cactus

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of the firm'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 owns 36,357 shares in the company, valued at $2,230,501.95. This trade represents a 47.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $326,100.00. Following the completion of the transaction, 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. In the last 90 days, insiders sold 138,500 shares of company stock worth $8,916,325. 17.72% of the stock is owned by company insiders.

Analysts Set New Price Targets

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. Bank of America upped their target price on Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus lowered their target price on Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $56.40.

Cactus Stock Up 0.2 %

NYSE WHD traded up $0.15 on Thursday, reaching $66.24. The company had a trading volume of 536,022 shares, compared to its average volume of 729,896. The stock has a market capitalization of $5.27 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.16 and a beta of 1.97. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company's fifty day moving average is $63.37 and its 200 day moving average is $58.39. Cactus, Inc. has a 52-week low of $37.58 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. The firm had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Sell-side analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid 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 0.79%. 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.