Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $2.05 Million in Cactus, Inc. $WHD

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Cactus, Inc. (NYSE:WHD) during the 4th quarter, HoldingsChannel reports. The fund bought 44,934 shares of the company’s stock, valued at approximately $2,053,000.

Several other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in shares of Cactus by 67.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Cactus by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after purchasing an additional 269 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Cactus by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after buying an additional 300 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Cactus by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after buying an additional 306 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Cactus by 4.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,687 shares of the company’s stock worth $384,000 after buying an additional 308 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Price Performance

Shares of WHD stock opened at $62.04 on Thursday. The company has a quick ratio of 1.71, a current ratio of 2.61 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $33.20 and a twelve month high of $62.75. The company has a market cap of $4.97 billion, a P/E ratio of 58.53, a P/E/G ratio of 2.38 and a beta of 1.37. The business has a fifty day simple moving average of $52.18 and a 200 day simple moving average of $50.32.

Cactus (NYSE:WHD) last posted its earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The business’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the company earned $0.73 earnings per share. On average, sell-side analysts forecast that Cactus, Inc. will post 2.88 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be given a $0.14 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.56 annualized dividend and a yield of 0.9%. Cactus’s dividend payout ratio (DPR) is currently 52.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Zacks Research downgraded Cactus from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Barclays upped their price objective on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Wall Street Zen downgraded Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Stifel Nicolaus upped their price objective on Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday. Four 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.50.

Insider Buying and Selling at Cactus

In other Cactus news, President Joel Bender sold 106,809 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28. Following the completion of the transaction, the president directly owned 27,793 shares in the company, valued at approximately $1,387,426.56. This trade represents a 79.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Y. Mcgovern sold 12,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total value of $678,840.00. Following the completion of the transaction, the director owned 15,990 shares of the company’s stock, valued at $904,554.30. This represents a 42.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 222,206 shares of company stock worth $11,295,784. 12.91% 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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.