Oak Ridge Investments LLC Lowers Position in Cactus Inc.
Cactus, Inc. is an energy company that specializes in the design, manufacture and sale of oil wellheads and pressure control equipment. Recently, Oak Ridge Investments LLC reportedly lowered its position by 6.1% in the energy giant during Q1 2019 according to its Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor had originally held about 40,321 shares of the company’s stock, but unloaded a total of 2,628 shares during the quarter–reducing their stake to approximately 0.05% worth $1.662 million as of their most recent filing.
Cactus (NYSE:WHD) recently posted some impressive quarterly earnings data that highlighted how resilient an organization they have become since going public last year. According to official reports from Tuesday May 9th of this year, Cactus earned $.64 per share fulfilling analysts’ consensus estimates representing an over-earning of $.08 per share higher than expected. Results stood out from other companies with similar business models as total revenue was reported to exceed $228.4 million which compares favorably against initial predictions pegged at $217.45 million for internal earnings purposes.
In terms of profitability indicators; Cactus had a return on equity of almost 20% – suggesting that they are efficiently investing their capital resources while realizing healthy margins close to around seventeen percent net – despite increasingly difficult market conditions towards the start of Q3 period when these figures were initially released publicly traders and investors alike have since then been monitoring Cactus closely in hope that it will maintain stability amidst potentially volatile macroeconomic headwinds affecting many businesses today.
In conclusion, while we continue to see significant ongoing changes within traditional energy industry such as potentialization new regulations affecting how companies do business or government policies impacting operations- those keeping a keen eye will realize Cactus is one that is truly worth following. Cactus, Inc. has proved consistently stable as a business over time while maintaining customer satisfaction which considers fact makes an excellent choice for those seeking to diversify their portfolios across multiple companies.
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Cactus, Inc: Riding High on Strong Institutional Support for Promising Growth Ahead
Cactus, Inc: A Company with Strong Institutional Support
Cactus, Inc (WHD) has been enjoying strong support from institutional investors, as several hedge funds have bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its stake in Cactus by 59.9% during the third quarter, while Private Trust Co. NA purchased a new stake in shares of Cactus during the first quarter valued at approximately $27,000. Additionally, State of Wyoming and Point72 Hong Kong Ltd also purchased new stakes in shares of Cactus during the fourth and second quarters respectively.
Captrust Financial Advisors further boosted its stake in shares of Cactus by 48.1% during the second quarter. In total, hedge funds and other institutional investors now own 84.33% of the company’s stock.
Despite this massive support from major institutions, WHD opened at $38.75 on Friday – much lower than its 12-month high of $58.30 but still within range for a potential rebound.
The company designs, manufactures and sells a range of wellheads and pressure control equipment across four key regions: United States, Australia, China, and Saudi Arabia. Its principal products include SafeDrill wellhead systems, SafeLink monobore systems among others that cater to various companies operating across different sub-sectors within the industry.
Recently disclosed data revealed that WHD paid quarterly dividends worth $0.11 per share on an annualized basis adding to its dividend payout ratio (DPR) which currently stands at 21.15%. This remains especially attractive to long-term investors as dividends become an alternative stream for earning after divesting resources into capital investments or savings accounts.
In light of these developments which highlight current market realities around WHD’s operations as well as expectations around its future outlook; analysts report hold or buy recommendations depending on the investor’s goals considering potential growth opportunities especially given sustained demand for oil and gas. The stock has an average rating of “Hold” and a consensus target price of $55.17.
In general, Cactus, Inc remains a promising company that is poised for future growth especially with current trends in the energy sector around oil and gas. It boasts strong institutional support at present which may well foreshadow increased investor confidence that could translate into remarkable positive performance gains over time. Time however, will tell exactly how things pan out.