Vest Financial LLC Increases Holdings in Cactus, Inc. (NYSE:WHD)

Vest Financial LLC boosted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 81.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,062 shares of the company's stock after purchasing an additional 19,353 shares during the period. Vest Financial LLC owned 0.05% of Cactus worth $2,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WHD. Quest Partners LLC bought a new stake in shares of Cactus in the 3rd quarter valued at about $34,000. Versant Capital Management Inc boosted its holdings in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after acquiring an additional 359 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Cactus by 81.5% in the third quarter. GAMMA Investing LLC now owns 2,441 shares of the company's stock worth $146,000 after acquiring an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Cactus in the third quarter worth approximately $177,000. Finally, KBC Group NV boosted its holdings in Cactus by 54.2% in the fourth quarter. KBC Group NV now owns 3,013 shares of the company's stock worth $176,000 after acquiring an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barclays lowered Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. One 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $56.40.

Insider Activity at Cactus

In other news, Director Bruce M. Rothstein sold 5,000 shares of the firm's stock in a transaction on 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 directly owns 12,177 shares of the company's stock, valued at $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.72% of the stock is currently owned by company insiders.

Cactus Stock Down 1.7 %

Shares of Cactus stock traded down $1.01 on Wednesday, hitting $59.09. The company had a trading volume of 354,030 shares, compared to its average volume of 449,430. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 20.95, a P/E/G ratio of 5.14 and a beta of 1.97. Cactus, Inc. has a 1 year low of $41.80 and a 1 year high of $70.01. The stock has a 50 day moving average of $60.81 and a 200-day moving average of $61.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, March 3rd. 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.