Dimensional Fund Advisors LP Has $8.83 Million Stake in Cactus Inc (NYSE:WHD)

Dimensional Fund Advisors LP grew its position in Cactus Inc (NYSE:WHD) by 77.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,231 shares of the company’s stock after buying an additional 141,038 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cactus were worth $8,832,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. FMR LLC increased its position in Cactus by 8.3% during the 4th quarter. FMR LLC now owns 2,072,007 shares of the company’s stock worth $56,794,000 after purchasing an additional 157,952 shares in the last quarter. Millennium Management LLC increased its position in Cactus by 1.0% during the 4th quarter. Millennium Management LLC now owns 1,690,127 shares of the company’s stock worth $46,326,000 after purchasing an additional 16,863 shares in the last quarter. Bank of New York Mellon Corp increased its position in Cactus by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 836,182 shares of the company’s stock worth $22,920,000 after purchasing an additional 9,837 shares in the last quarter. Brown Advisory Inc. increased its position in Cactus by 27.3% during the 4th quarter. Brown Advisory Inc. now owns 829,557 shares of the company’s stock worth $22,739,000 after purchasing an additional 177,814 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in Cactus by 126.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 702,000 shares of the company’s stock worth $19,242,000 after purchasing an additional 391,500 shares in the last quarter. Institutional investors own 61.86% of the company’s stock.

In other Cactus news, Director Alan Semple sold 9,130 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $35.93, for a total transaction of $328,040.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Steven Bender sold 228,880 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $35.93, for a total transaction of $8,223,658.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,173,649 shares of company stock worth $78,099,209 over the last three months. Insiders own 96.10% of the company’s stock.

WHD stock opened at $31.92 on Friday. Cactus Inc has a 1 year low of $24.60 and a 1 year high of $40.97. The company has a quick ratio of 2.46, a current ratio of 3.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.45 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.62 and a beta of 1.27.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Cactus had a net margin of 12.71% and a return on equity of 35.71%. The firm had revenue of $158.88 million for the quarter, compared to analyst estimates of $153.04 million. As a group, research analysts expect that Cactus Inc will post 2.03 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Cactus from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Bank of America reiterated a “buy” rating and set a $48.00 price objective (up from $42.00) on shares of Cactus in a research report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Cactus from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, March 14th. Barclays reiterated a “buy” rating and set a $41.00 price objective on shares of Cactus in a research report on Monday, May 6th. Finally, Royal Bank of Canada set a $43.00 price objective on shares of Cactus and gave the stock a “buy” rating in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Cactus presently has an average rating of “Buy” and a consensus target price of $42.55.

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About Cactus

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company's principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It also provides field services, such as 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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