Entropy Technologies LP Takes $578,000 Position in Cactus, Inc. (NYSE:WHD)

Entropy Technologies LP bought a new stake in Cactus, Inc. (NYSE:WHD) during the fourth quarter, HoldingsChannel.com reports. The fund bought 9,903 shares of the company’s stock, valued at approximately $578,000.

Several other hedge funds have also bought and sold shares of WHD. Vest Financial LLC raised its stake in Cactus by 81.6% in the fourth quarter. Vest Financial LLC now owns 43,062 shares of the company’s stock valued at $2,513,000 after buying an additional 19,353 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in shares of Cactus by 7.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,060 shares of the company’s stock worth $879,000 after acquiring an additional 987 shares during the last quarter. Boston Trust Walden Corp raised its stake in Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock valued at $104,901,000 after acquiring an additional 9,884 shares during the period. KBC Group NV lifted its holdings in Cactus by 54.2% during the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Andina Capital Management LLC boosted its position in Cactus by 25.1% during the fourth quarter. Andina Capital Management LLC now owns 15,445 shares of the company’s stock worth $901,000 after purchasing an additional 3,097 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, 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 report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $56.40.

Insiders Place Their Bets

In other Cactus 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 transaction of $326,100.00. Following the transaction, the director now owns 12,177 shares in the company, valued at $794,183.94. This trade represents a 29.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.72% of the company’s stock.

Cactus Stock Performance

Shares of NYSE WHD opened at $60.02 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 5.14 and a beta of 1.97. The stock’s fifty day moving average price is $60.95 and its two-hundred day moving average price is $61.23. Cactus, Inc. has a one year low of $41.80 and a one year high of $70.01.

Cactus Announces Dividend

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 yield of 0.87%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend 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.