884,418 Shares in Cactus, Inc. $WHD Acquired by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. bought a new position in Cactus, Inc. (NYSE:WHD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 884,418 shares of the company’s stock, valued at approximately $41,895,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System boosted its stake in Cactus by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock valued at $460,000 after purchasing an additional 208 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Cactus by 8.6% in the fourth quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $126,000 after purchasing an additional 219 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock valued at $25,000 after buying an additional 259 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Cactus by 0.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock valued at $2,532,000 after buying an additional 269 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Cactus by 1.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after buying an additional 300 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Performance

Shares of Cactus stock opened at $48.81 on Thursday. The business’s fifty day simple moving average is $56.75 and its 200 day simple moving average is $53.21. The firm has a market capitalization of $3.91 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.39. Cactus, Inc. has a 12 month low of $33.20 and a 12 month high of $64.30. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The firm had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue for the quarter was up 38.5% on a year-over-year basis. As a group, analysts anticipate that Cactus, Inc. will post 2.88 EPS for the current year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 1st. Cactus’s payout ratio is 52.83%.

Analysts Set New Price Targets

WHD has been the subject of a number of analyst reports. Citigroup increased their price target on Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Barclays upped their target price on shares of Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Piper Sandler boosted their price target on shares of Cactus from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Cactus from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.40.

Insider Transactions at Cactus

In related news, Director Alan Semple sold 10,206 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the completion of the transaction, the director owned 29,444 shares in the company, valued at approximately $1,667,119.28. This represents a 25.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Y. Mcgovern sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total transaction of $678,840.00. Following the sale, the director owned 15,990 shares of the company’s stock, valued at $904,554.30. This trade represents a 42.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 12.91% of the stock is currently owned by insiders.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.