XTX Topco Ltd Takes $596,000 Position in Cactus, Inc. (NYSE:WHD)

XTX Topco Ltd purchased a new stake in Cactus, Inc. (NYSE:WHD - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,984 shares of the company's stock, valued at approximately $596,000.

A number of other large investors have also recently added to or reduced their stakes in WHD. New York State Teachers Retirement System lifted its position in Cactus by 1.3% during the third quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock worth $925,000 after acquiring an additional 200 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Cactus by 0.6% during the second quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company's stock worth $1,678,000 after buying an additional 202 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Cactus by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company's stock worth $2,182,000 after purchasing an additional 301 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock valued at $188,000 after buying an additional 307 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Cactus during the third quarter valued at about $34,000. Institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Shares of Cactus stock traded down $0.12 during trading hours on Friday, reaching $63.17. 397,131 shares of the company's stock were exchanged, compared to its average volume of 725,396. The business has a fifty day moving average of $63.89 and a two-hundred day moving average of $58.90. Cactus, Inc. has a 1 year low of $37.58 and a 1 year high of $70.01. 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 has a market capitalization of $5.03 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 3.06 and a beta of 1.97.

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

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, December 2nd. Cactus's dividend payout ratio is currently 18.44%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WHD shares. Bank of America upped their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th. Stifel Nicolaus lowered their price objective on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday, October 11th. Finally, Barclays lowered shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $56.40.

Insider Buying and Selling

In other news, Director Bruce M. Rothstein sold 5,000 shares of the company's stock in a transaction dated 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 approximately $794,183.94. This represents a 29.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 36,357 shares in the company, valued at $2,230,501.95. The trade was a 47.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 138,500 shares of company stock valued at $8,916,325. Corporate insiders own 17.72% of the company's stock.

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.