Squarepoint Ops LLC Has $18.94 Million Holdings in Cactus, Inc. $WHD

Posted by Francis Steltz on Sep 10th, 2026

Squarepoint Ops LLC lifted its stake in shares of Cactus, Inc. (NYSE:WHD – Free Report) by 104.5% during the second quarter, Holdings Channel reports. The fund owned 369,645 shares of the company’s stock after buying an additional 188,864 shares during the quarter. Squarepoint Ops LLC’s holdings in Cactus were worth $18,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Arizona State Retirement System grew its position in Cactus by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 19,154 shares of the company’s stock valued at $981,000 after purchasing an additional 242 shares during the period. Nykredit A S bought a new position in shares of Cactus in the second quarter valued at $133,000. Parkside Financial Bank & Trust lifted its stake in shares of Cactus by 474.5% in the second quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company’s stock valued at $75,000 after buying an additional 1,210 shares in the last quarter. VELA Investment Management LLC grew its holdings in shares of Cactus by 2.8% during the second quarter. VELA Investment Management LLC now owns 145,421 shares of the company’s stock valued at $7,450,000 after buying an additional 3,951 shares during the last quarter. Finally, Corient Private Wealth LP increased its position in shares of Cactus by 28.6% during the second quarter. Corient Private Wealth LP now owns 8,498 shares of the company’s stock worth $435,000 after acquiring an additional 1,891 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on WHD shares. Piper Sandler lifted their price target on Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Barclays increased their price objective on Cactus from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Citigroup downgraded Cactus from a “buy” rating to a “neutral” rating and upped their price target for the stock from $67.00 to $75.00 in a report on Thursday, August 20th. Stifel Nicolaus increased their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $66.80.

Read Our Latest Analysis on Cactus

Cactus Stock Performance

NYSE:WHD opened at $69.91 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81. The business has a fifty day simple moving average of $63.05 and a two-hundred day simple moving average of $57.11. Cactus, Inc. has a 1 year low of $33.20 and a 1 year high of $74.07. The company has a market capitalization of $5.61 billion, a P/E ratio of 59.75, a P/E/G ratio of 2.45 and a beta of 1.37.

Cactus (NYSE:WHD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.29. The company had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a net margin of 6.01% and a return on equity of 16.66%. Cactus’s revenue was up 64.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. On average, analysts expect that Cactus, Inc. will post 3.12 earnings per share for the current year.

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Monday, August 31st will be paid a $0.15 dividend. The ex-dividend date is Monday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.9%. This is an increase from Cactus’s previous quarterly dividend of $0.14. Cactus’s dividend payout ratio is currently 51.28%.

Insiders Place Their Bets

In related news, CEO Stephen Tadlock sold 38,455 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the transaction, the chief executive officer owned 43,178 shares of the company’s stock, valued at $2,754,756.40. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott Bender sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $63.89, for a total value of $6,389,000.00. Following the transaction, the chief executive officer directly owned 120,527 shares in the company, valued at approximately $7,700,470.03. This represents a 45.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 363,455 shares of company stock valued at $23,298,764 over the last 90 days. 12.91% of the stock is owned by insiders.

About Cactus

(Free Report)

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.