Cactus, Inc. (NYSE:WHD) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC cut its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 36.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,900 shares of the company's stock after selling 88,540 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.19% of Cactus worth $9,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its stake 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 purchasing an additional 340 shares during the period. SG Americas Securities LLC increased its stake in Cactus by 185.2% during the second quarter. SG Americas Securities LLC now owns 6,551 shares of the company's stock worth $346,000 after acquiring an additional 4,254 shares during the last quarter. Andina Capital Management LLC raised its position in Cactus by 25.2% in the second quarter. Andina Capital Management LLC now owns 10,398 shares of the company's stock valued at $548,000 after purchasing an additional 2,095 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Cactus in the second quarter valued at $1,902,000. Finally, Boston Trust Walden Corp lifted its stake in shares of Cactus by 1.3% in the 2nd quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company's stock valued at $103,119,000 after purchasing an additional 25,839 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Bruce M. Rothstein sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 in the company, valued at $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the chief operating officer now directly owns 57,567 shares of the company's stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,500 shares of company stock worth $8,916,325. 17.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WHD. Bank of America boosted their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a report on Monday, October 14th. 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, Barclays downgraded shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 target price for the company. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cactus has a consensus rating of "Hold" and an average target price of $56.40.

Cactus Stock Up 0.2 %

Shares of NYSE WHD traded up $0.15 during mid-day trading on Thursday, hitting $66.24. The company had a trading volume of 536,022 shares, compared to its average volume of 729,896. The company has a market capitalization of $5.27 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.16 and a beta of 1.97. The business's 50-day simple moving average is $63.37 and its 200 day simple moving average is $58.39. Cactus, Inc. has a 1-year low of $37.58 and a 1-year high of $70.01. 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 (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, beating analysts' consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. During the same quarter last year, the company earned $0.80 EPS. Cactus's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Monday, December 2nd. Cactus's dividend 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.