Segall Bryant & Hamill LLC Cuts Stake in Cactus, Inc. (NYSE:WHD)

Segall Bryant & Hamill LLC decreased its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 184,109 shares of the company's stock after selling 7,527 shares during the period. Segall Bryant & Hamill LLC owned 0.23% of Cactus worth $10,986,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Cactus during the 1st quarter worth approximately $115,000. Russell Investments Group Ltd. grew its holdings in Cactus by 330.4% during the 1st quarter. Russell Investments Group Ltd. now owns 43,266 shares of the company's stock worth $2,167,000 after acquiring an additional 33,214 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cactus by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company's stock worth $329,182,000 after acquiring an additional 53,142 shares during the last quarter. Shell Asset Management Co. grew its holdings in Cactus by 26.2% during the 1st quarter. Shell Asset Management Co. now owns 6,678 shares of the company's stock worth $335,000 after acquiring an additional 1,385 shares during the last quarter. Finally, Capital International Investors grew its holdings in Cactus by 3.9% during the 1st quarter. Capital International Investors now owns 1,293,233 shares of the company's stock worth $64,778,000 after acquiring an additional 48,379 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Cactus stock traded up $0.54 during mid-day trading on Friday, hitting $68.99. 637,907 shares of the company traded hands, compared to its average volume of 736,685. Cactus, Inc. has a one year low of $37.58 and a one year high of $70.01. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.08 and a beta of 1.95. 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 stock has a fifty day moving average price of $62.13 and a 200-day moving average price of $57.30.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.04. The firm had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. On average, equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. Cactus's dividend payout ratio is currently 18.44%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WHD. Bank of America upped their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a research note on Monday, October 14th. Barclays lowered shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective on the stock. in a research note on Monday, November 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research note 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 presently has an average rating of "Hold" and a consensus target price of $56.40.

Insider Activity at Cactus

In other Cactus news, COO Steven Bender sold 100,000 shares of the business'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 transaction, the chief operating officer now directly owns 57,567 shares of the company's stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce M. Rothstein sold 5,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the transaction, the director now directly owns 12,177 shares in the company, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock worth $8,916,325 in the last three months. 17.72% of the stock is owned by insiders.

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.