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

XTX Topco Ltd purchased a new stake in Cactus, Inc. (NYSE:WHD) in the 3rd quarter, HoldingsChannel reports. The fund purchased 9,984 shares of the company’s stock, valued at approximately $596,000.

Other large investors have also modified their holdings of the company. Quest Partners LLC acquired a new stake in Cactus during the 3rd quarter valued at $34,000. GAMMA Investing LLC increased its stake in shares of 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 buying an additional 1,096 shares during the last quarter. Nisa Investment Advisors LLC raised 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 acquiring an additional 307 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in Cactus in the third quarter valued at $209,000. Finally, CIBC Asset Management Inc bought a new position in Cactus during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Price Performance

Shares of Cactus stock opened at $63.21 on Friday. Cactus, Inc. has a 52 week low of $37.58 and a 52 week high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $63.89 and its two-hundred day moving average price is $58.90. The stock has a market cap of $5.03 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 3.04 and a beta of 1.97.

Cactus (NYSE:WHD) last released 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 business had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same period last year, the company posted $0.80 EPS. The company’s revenue was up 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

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

Insider Transactions at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the sale, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock valued at $8,916,325 over the last quarter. Company insiders own 17.71% of the company’s stock.

Wall Street Analysts Forecast Growth

WHD has been the subject of several research analyst reports. Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective for the company. in a report on Monday, November 4th. Bank of America increased their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus cut their target price on 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 issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cactus has an average rating of “Hold” and a consensus price target of $56.40.

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.