Andina Capital Management LLC Grows Position in Cactus, Inc. (NYSE:WHD)

Andina Capital Management LLC boosted its stake in shares of Cactus, Inc. (NYSE:WHD) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,445 shares of the company’s stock after purchasing an additional 3,097 shares during the period. Andina Capital Management LLC’s holdings in Cactus were worth $901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after acquiring an additional 52,085 shares in the last quarter. State Street Corp lifted its position in shares of Cactus by 3.0% in the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock valued at $164,436,000 after acquiring an additional 81,149 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Cactus by 6.5% in the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock worth $104,934,000 after buying an additional 106,819 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cactus by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,087 shares of the company’s stock worth $60,811,000 after buying an additional 38,983 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Cactus by 3.9% in the third quarter. Victory Capital Management Inc. now owns 761,745 shares of the company’s stock worth $45,453,000 after buying an additional 28,663 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Trading Up 1.0 %

Shares of NYSE WHD opened at $63.50 on Friday. The business’s 50 day moving average is $62.60 and its two-hundred day moving average is $60.97. 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, Inc. has a 1-year low of $40.26 and a 1-year high of $70.01. The stock has a market capitalization of $5.05 billion, a P/E ratio of 22.52, a PEG ratio of 5.41 and a beta of 1.98.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $287.47 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.82%. Cactus’s dividend payout ratio is 18.44%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America boosted their target price on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research report on Monday, November 4th. Finally, Stifel Nicolaus decreased their target price on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.40.

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 value 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. The trade was a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven Bender sold 100,000 shares of the business’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 sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. The trade was a 63.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,500 shares of company stock valued at $8,916,325. 17.72% of the stock is currently owned by insiders.

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.