Brown Advisory Inc. Has $99.27 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Brown Advisory Inc. raised its stake in shares of Cactus, Inc. (NYSE:WHDGet Rating) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,752,617 shares of the company’s stock after purchasing an additional 30,077 shares during the period. Brown Advisory Inc. owned 2.31% of Cactus worth $99,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its stake in shares of Cactus by 45.9% in the fourth quarter. Alliancebernstein L.P. now owns 4,864,730 shares of the company’s stock worth $185,492,000 after acquiring an additional 1,529,839 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in Cactus in the first quarter worth $39,798,000. Victory Capital Management Inc. lifted its position in Cactus by 33.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,531,622 shares of the company’s stock worth $58,401,000 after purchasing an additional 383,043 shares during the period. Emerald Mutual Fund Advisers Trust lifted its position in Cactus by 173.3% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 346,128 shares of the company’s stock worth $13,198,000 after purchasing an additional 219,479 shares during the period. Finally, Boston Trust Walden Corp lifted its position in Cactus by 21.9% in the first quarter. Boston Trust Walden Corp now owns 1,033,854 shares of the company’s stock worth $58,661,000 after purchasing an additional 185,437 shares during the period.

Insider Transactions at Cactus

In other news, CEO Scott Bender sold 562,336 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $54.04, for a total transaction of $30,388,637.44. Following the completion of the transaction, the chief executive officer now directly owns 50,464 shares in the company, valued at approximately $2,727,074.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Alan Semple sold 20,000 shares of Cactus stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $48.84, for a total transaction of $976,800.00. Following the transaction, the director now owns 30,035 shares in the company, valued at approximately $1,466,909.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Bender sold 562,336 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $54.04, for a total value of $30,388,637.44. Following the completion of the sale, the chief executive officer now owns 50,464 shares in the company, valued at approximately $2,727,074.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,389,748 shares of company stock worth $73,478,068. 21.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Stifel Nicolaus raised their target price on Cactus from $55.00 to $62.00 in a research report on Friday, April 8th. Morgan Stanley cut their price objective on Cactus from $60.00 to $50.00 and set an “equal weight” rating for the company in a report on Wednesday, July 13th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.60.

Cactus Stock Performance

Cactus stock opened at $39.52 on Friday. The stock has a 50-day simple moving average of $42.11 and a 200 day simple moving average of $48.37. The company has a quick ratio of 4.00, a current ratio of 5.33 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12-month low of $31.65 and a 12-month high of $64.18. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 40.33, a P/E/G ratio of 0.69 and a beta of 1.98.

Cactus (NYSE:WHDGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $170.20 million during the quarter, compared to analyst estimates of $161.11 million. Cactus had a return on equity of 8.10% and a net margin of 11.73%. The company’s revenue was up 56.3% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. On average, research analysts anticipate that Cactus, Inc. will post 1.56 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Monday, August 29th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.11%. Cactus’s payout ratio is 44.90%.

Cactus Company Profile

(Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

Further Reading

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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