XTX Topco Ltd Makes New $488,000 Investment in Cactus, Inc. $WHD

XTX Topco Ltd acquired a new stake in shares of Cactus, Inc. (NYSE:WHD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 11,166 shares of the company’s stock, valued at approximately $488,000.

A number of other institutional investors have also made changes to their positions in WHD. Advisors Asset Management Inc. grew its holdings in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Cactus in the 1st quarter valued at about $57,000. CWM LLC boosted its position in Cactus by 131.7% in the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock valued at $130,000 after buying an additional 1,686 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Cactus by 21.4% during the second quarter. Central Pacific Bank Trust Division now owns 4,352 shares of the company’s stock valued at $190,000 after acquiring an additional 766 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Cactus by 26.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,438 shares of the company’s stock worth $194,000 after acquiring an additional 915 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on WHD. Zacks Research upgraded Cactus from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Barclays cut their target price on Cactus from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Wall Street Zen raised shares of Cactus from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Stifel Nicolaus lifted their price target on shares of Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Bank of America upgraded shares of Cactus from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $39.00 to $40.00 in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $47.75.

Cactus Stock Up 0.1%

WHD stock opened at $45.94 on Friday. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 4.95 and a beta of 1.29. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $66.85. The firm has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $41.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Cactus had a net margin of 15.86% and a return on equity of 16.02%. The company had revenue of $263.95 million for the quarter, compared to the consensus estimate of $253.89 million. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Research analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. Cactus’s dividend payout ratio is 22.31%.

Insider Buying and Selling at Cactus

In other news, EVP William D. Marsh sold 10,172 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $41.32, for a total transaction of $420,307.04. Following the sale, the executive vice president directly owned 11,088 shares in the company, valued at approximately $458,156.16. This represents a 47.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.75% of the company’s stock.

About Cactus

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.