Loomis Sayles & Co. L P Trims Position in Cactus, Inc. (NYSE:WHD)

Loomis Sayles & Co. L P trimmed its position in Cactus, Inc. (NYSE:WHD) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 972,654 shares of the company’s stock after selling 22,457 shares during the period. Loomis Sayles & Co. L P’s holdings in Cactus were worth $58,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Silvercrest Asset Management Group LLC grew its position in Cactus by 4.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 203,153 shares of the company’s stock valued at $10,176,000 after buying an additional 8,833 shares during the period. Vanguard Group Inc. increased its stake in shares of Cactus by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company’s stock worth $329,182,000 after purchasing an additional 53,142 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Cactus by 69.7% in the 2nd quarter. Rhumbline Advisers now owns 206,982 shares of the company’s stock worth $10,916,000 after purchasing an additional 84,984 shares in the last quarter. TD Asset Management Inc raised its holdings in Cactus by 160.8% in the 2nd quarter. TD Asset Management Inc now owns 38,600 shares of the company’s stock worth $2,036,000 after purchasing an additional 23,800 shares during the period. Finally, Amalgamated Bank lifted its position in Cactus by 800.4% during the second quarter. Amalgamated Bank now owns 20,071 shares of the company’s stock valued at $1,059,000 after purchasing an additional 17,842 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Insider Buying and Selling

In related news, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the transaction, the chief executive officer now owns 36,357 shares in the company, valued at approximately $2,230,501.95. This trade represents a 47.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now owns 12,177 shares in the company, valued at approximately $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,500 shares of company stock worth $8,916,325. Insiders own 16.84% of the company’s stock.

Cactus Stock Up 0.8 %

WHD opened at $68.99 on Monday. Cactus, Inc. has a 52 week low of $37.58 and a 52 week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $62.39 and a two-hundred day simple moving average of $57.51. The company has a market capitalization of $5.49 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 3.26 and a beta of 1.95.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Monday, December 2nd. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Analyst Upgrades and Downgrades

WHD has been the subject of a number of analyst reports. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research report on Monday, November 4th. Stifel Nicolaus decreased their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Bank of America upped their price target on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $56.40.

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.