Schroder Investment Management Group Has $29.26 Million Stock Position in Cactus, Inc. $WHD

Schroder Investment Management Group increased its stake in shares of Cactus, Inc. (NYSE:WHD) by 26.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 669,241 shares of the company’s stock after acquiring an additional 139,155 shares during the period. Schroder Investment Management Group owned about 0.84% of Cactus worth $29,259,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of WHD. Norges Bank acquired a new position in shares of Cactus during the 2nd quarter worth approximately $2,384,000. Hsbc Holdings PLC acquired a new position in Cactus during the second quarter worth $414,000. Paradice Investment Management LLC bought a new stake in Cactus during the second quarter worth $12,027,000. Financial Advocates Investment Management bought a new stake in Cactus during the second quarter worth $392,000. Finally, XTX Topco Ltd acquired a new stake in Cactus in the second quarter valued at $488,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Trading Up 1.0%

Shares of NYSE:WHD opened at $43.35 on Tuesday. The company has a market capitalization of $3.46 billion, a P/E ratio of 17.27, a P/E/G ratio of 4.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74. The business’s 50 day simple moving average is $40.02 and its 200 day simple moving average is $41.85. Cactus, Inc. has a 1 year low of $33.20 and a 1 year high of $68.90.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 29th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.58 by $0.09. The firm had revenue of $263.95 million for the quarter, compared to analyst estimates of $253.89 million. Cactus had a net margin of 15.86% and a return on equity of 16.02%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. On average, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors 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 1.3%. Cactus’s payout ratio is 22.31%.

Insider Buying and Selling at Cactus

In other news, EVP William D. Marsh sold 10,172 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total transaction of $420,307.04. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.84% of the company’s stock.

Analyst Upgrades and Downgrades

WHD has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Cactus in a research note on Tuesday, November 25th. Zacks Research upgraded Cactus from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and raised their price target for the company from $39.00 to $40.00 in a report on Wednesday, October 29th. Stifel Nicolaus increased their price objective on shares of Cactus from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Barclays reduced their target price on shares of Cactus from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Cactus currently has an average rating of “Hold” and an average target price of $47.75.

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.