SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 12.2% Stake in Cactus Inc.
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly reported a beneficial ownership of 12.2% in Cactus Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in Cactus Inc.
- The filing indicates that FMR LLC and Abigail P. Johnson collectively beneficially own 8,141,413.14 shares of Cactus Inc.'s Class A Common Stock.
- This aggregate amount represents 12.2% of the outstanding Class A Common Stock of Cactus Inc.
- FMR LLC holds sole voting power over 8,139,612.00 shares and sole dispositive power over 8,141,413.14 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to have shared dispositive power over the same 8,141,413.14 shares.
- The filing confirms that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Cactus Inc.
- Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 6
Explanation: The sentiment is slightly positive as the disclosure of a significant institutional holding by a reputable firm like FMR LLC can be interpreted as a vote of confidence in the issuer, Cactus Inc. However, as a routine ownership filing, it does not contain performance-related news.
Positives
- The disclosure of a significant 12.2% stake by a major institutional investor like FMR LLC, and its prominent leader Abigail P. Johnson, can be viewed positively by the market as a vote of confidence in Cactus Inc.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Cactus Inc.'s future performance or outlook.
Industry Context
FMR LLC is one of the largest asset management firms globally, operating under the Fidelity Investments brand. Their significant stake in Cactus Inc., a company in the oil and gas equipment and services sector, indicates institutional interest in the energy industry, potentially reflecting a long-term investment strategy or a belief in the sector's prospects.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holder provides transparency regarding the company's ownership structure and may influence investor sentiment.
- Investment Professionals: Provides data points for analysis of institutional interest and ownership concentration in Cactus Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 3. |
Keywords
Cactus Inc, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Class A Common Stock, SEC Filing, Investment Management
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