Cactus, Inc. (NYSE:WHD) Position Boosted by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT boosted its position in Cactus, Inc. (NYSE:WHD) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,060 shares of the company’s stock after buying an additional 987 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Cactus were worth $879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Trust Walden Corp increased its holdings in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock valued at $104,901,000 after acquiring an additional 9,884 shares during the last quarter. KBC Group NV increased its stake in Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. Andina Capital Management LLC raised its holdings in shares of Cactus by 25.1% during the fourth quarter. Andina Capital Management LLC now owns 15,445 shares of the company’s stock worth $901,000 after purchasing an additional 3,097 shares during the period. Barlow Wealth Partners Inc. lifted its position in shares of Cactus by 4.6% in the 4th quarter. Barlow Wealth Partners Inc. now owns 270,435 shares of the company’s stock worth $17,083,000 after buying an additional 11,968 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Insider Buying and Selling

In other news, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce M. Rothstein sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the transaction, the director now directly owns 12,177 shares of the company’s stock, valued at $794,183.94. This represents a 29.11 % decrease in their position. The disclosure for this sale can be found here. 16.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Bank of America boosted their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.40.

Cactus Stock Performance

WHD stock opened at $59.22 on Tuesday. The company has a 50-day simple moving average of $61.83 and a 200 day simple moving average of $61.15. The company has a market capitalization of $4.71 billion, a P/E ratio of 21.00, a PEG ratio of 5.14 and a beta of 1.97. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a fifty-two week low of $40.28 and a fifty-two week high of $70.01.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. Cactus’s dividend payout ratio is presently 18.44%.

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.