Lisanti Capital Growth LLC Buys 58,020 Shares of Cactus, Inc. $WHD

Lisanti Capital Growth LLC purchased a new stake in Cactus, Inc. (NYSE:WHD) during the third quarter, according to its most recent filing with the SEC. The fund purchased 58,020 shares of the company’s stock, valued at approximately $3,610,000. Lisanti Capital Growth LLC owned about 0.07% of Cactus as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of WHD. Riverbridge Partners LLC lifted its stake in Cactus by 30.9% in the 3rd quarter. Riverbridge Partners LLC now owns 200,252 shares of the company’s stock worth $12,460,000 after purchasing an additional 47,285 shares in the last quarter. Hohimer Wealth Management LLC grew its position in shares of Cactus by 4.9% during the third quarter. Hohimer Wealth Management LLC now owns 4,604 shares of the company’s stock valued at $286,000 after purchasing an additional 216 shares in the last quarter. Ethic Inc. purchased a new position in shares of Cactus during the third quarter valued at about $499,000. Parallel Advisors LLC lifted its position in shares of Cactus by 118.4% in the third quarter. Parallel Advisors LLC now owns 2,022 shares of the company’s stock worth $126,000 after buying an additional 1,096 shares in the last quarter. Finally, Your Advocates Ltd. LLP purchased a new stake in shares of Cactus in the third quarter worth about $34,000. 85.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on WHD shares. Stifel Nicolaus increased their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup lifted their price objective on Cactus from $73.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 3rd. Wall Street Zen cut Cactus from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Barclays upped their price objective on Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research report on Tuesday, September 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cactus has an average rating of “Moderate Buy” and a consensus price target of $74.75.

Insider Activity

In other Cactus news, President Joel Bender sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $70.37, for a total value of $7,037,000.00. Following the completion of the sale, the president owned 41,519 shares of the company’s stock, valued at $2,921,692.03. This trade represents a 70.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Bender sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $63.91, for a total value of $6,391,000.00. Following the transaction, the chief executive officer owned 120,527 shares of the company’s stock, valued at $7,702,880.57. This trade represents a 45.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 300,000 shares of company stock worth $19,625,000 over the last quarter. 12.91% of the stock is currently owned by insiders.

Cactus Stock Up 4.1%

NYSE WHD opened at $61.58 on Thursday. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52 week low of $39.16 and a 52 week high of $74.07. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 1.51 and a beta of 1.38. The company has a fifty day moving average of $64.43 and a two-hundred day moving average of $58.59.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, October 28th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.19. The business had revenue of $430.89 million for the quarter, compared to the consensus estimate of $437.94 million. Cactus had a net margin of 6.69% and a return on equity of 17.93%. The business’s revenue for the quarter was up 63.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. On average, analysts predict that Cactus, Inc. will post 3.22 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Monday, November 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cactus’s dividend payout ratio is presently 41.67%.

About Cactus

Cactus, Inc. designs, manufactures, sells and rents wellhead and pressure-control equipment used in oil and natural gas drilling and production. Its products include wellhead systems, frac trees and other equipment that help control pressure and manage the flow of fluids at the wellsite. The company also provides field services, including equipment installation, maintenance and support. Through its Spoolable Technologies business, Cactus offers flexible, spoolable pipe products for energy and other industrial applications.