Cactus, Inc. (NYSE:WHD) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its position in Cactus, Inc. (NYSE:WHD) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 783,748 shares of the company’s stock after selling 49,810 shares during the period. TimesSquare Capital Management LLC’s holdings in Cactus were worth $35,582,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WHD. Arizona State Retirement System boosted its stake in shares of Cactus by 1.5% in the third quarter. Arizona State Retirement System now owns 18,375 shares of the company’s stock valued at $923,000 after purchasing an additional 273 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Cactus by 2.8% during the third quarter. Los Angeles Capital Management LLC now owns 19,530 shares of the company’s stock valued at $981,000 after acquiring an additional 533 shares in the last quarter. Signaturefd LLC increased its position in shares of Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after acquiring an additional 533 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cactus by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,101 shares of the company’s stock worth $1,321,000 after acquiring an additional 575 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in Cactus by 6.3% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 10,348 shares of the company’s stock valued at $470,000 after purchasing an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

WHD traded down $0.91 on Wednesday, hitting $50.56. 432,108 shares of the company’s stock were exchanged, compared to its average volume of 599,897. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average of $49.54 and a two-hundred day moving average of $45.59. Cactus, Inc. has a twelve month low of $31.36 and a twelve month high of $57.00. The firm has a market cap of $4.01 billion, a PE ratio of 20.14, a P/E/G ratio of 9.11 and a beta of 1.95.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The business had revenue of $274.12 million for the quarter, compared to analysts’ expectations of $270.70 million. During the same period in the prior year, the firm earned $0.64 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. On average, research analysts anticipate that Cactus, Inc. will post 2.87 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 annualized dividend and a dividend yield of 0.95%. Cactus’s dividend payout ratio is currently 19.12%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WHD. Bank of America upped their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Benchmark reaffirmed a “hold” rating on shares of Cactus in a report on Monday. Finally, Barclays raised their price objective on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.14.

Insider Buying and Selling

In other Cactus news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the transaction, the chief executive officer now directly owns 20 shares of the company’s stock, valued at approximately $915.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP William D. Marsh sold 1,700 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

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.