Jane Street Group LLC Sells 86,822 Shares of Cactus, Inc. (NYSE:WHD)

Jane Street Group LLC lessened its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 71.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,477 shares of the company's stock after selling 86,822 shares during the period. Jane Street Group LLC's holdings in Cactus were worth $2,057,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in WHD. Quest Partners LLC bought a new position in Cactus during the third quarter valued at approximately $34,000. GAMMA Investing LLC boosted its stake in shares of Cactus by 81.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company's stock worth $146,000 after buying an additional 1,096 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings 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 acquiring an additional 307 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new stake in Cactus during the third quarter valued at $209,000. Finally, CIBC Asset Management Inc purchased a new position in Cactus in the third quarter worth about $212,000. Institutional investors own 85.11% of the company's stock.

Cactus Stock Up 1.0 %

Shares of WHD stock traded up $0.57 on Wednesday, reaching $57.35. 165,620 shares of the company's stock traded hands, compared to its average volume of 730,327. The company has a market capitalization of $4.56 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The business's 50 day moving average price is $63.19 and its two-hundred day moving average price is $59.59. Cactus, Inc. has a 12-month low of $37.58 and a 12-month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its 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. The firm had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. On average, equities analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Monday, December 2nd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. Cactus's payout ratio is 18.44%.

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 transaction of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company's stock, 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 is accessible through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the company'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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,500 shares of company stock valued at $8,916,325. Corporate insiders own 16.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus lowered their price target on shares of Cactus from $69.00 to $67.00 and set a "buy" rating for the company in a report on Friday, October 11th. Barclays lowered shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a report on Monday, November 4th. Finally, Bank of America raised 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.