On the 31st of December, the T. Rowe Price Equity Income Fund added 1.5 million Cactus (NYSE:WHD), Inc. Class A Common Sto (WHD) shares for $39 million at an average price of $26.07 per share. Shares of Cactus, Inc. Class A Common Sto are up 17.18% since the transaction.
The T. Rowe Price Equity Income Fund's holding in Cactus, Inc. Class A Common Sto increased to about 5.3 million shares with the purchase.
The T. Rowe Price Equity Income Fund first bought Cactus, Inc. Class A Common Sto stock in the fourth quarter of 2018. The T. Rowe Price Equity Income Fund also owns Cummins Inc (NYSE:CMI) (Ex. Cummins Engine Inc) (CMI), Deere & Co (NYSE:DE), Caterpillar (NYSE:CAT) and Parker-Hannifin Corp (NYSE:PH). Cactus, Inc. Class A Common Sto is its number sixteen position by number of shares and market value among machinery stocks.
Other investors who also added to their Cactus, Inc. Class A Common Sto shares include California State Teachers Retirement System, Millennium Management, and Wasatch Advisors. Contrary to the T. Rowe Price Equity Income Fund, Barrow, Hanley, Mewhinney & Strauss, Citigroup (NYSE:C), and Fisher Asset Management reduced WHD shares, while Royce & Associates and Squarepoint Ops sold all their WHD shares.
The T. Rowe Price Equity Income Fund also reduced their share in MGM Resorts International (NYSE:MGM), PNM Resources, Inc. (Holding Co (PNM), Dennys Corp. (DENN), Becton Dickinson & Co. (NYSE:BDX), Equifax Inc (NYSE:EFX), Tyson Foods Inc (NYSE:TSN), J.B.Hunt Transport Services Inc (JBHT), Concho Resources Inc (NYSE:CXO), Visteon Corp (NASDAQ:VC), RealPage, Inc. (RP), Aptiv PLC (NYSE:APTV), Sprouts Farmers Market Inc. (NASDAQ:SFM), Zendesk (NYSE:ZEN), Planet Fitness Inc (NYSE:PLNT), MyoKardia, Inc. (NASDAQ:MYOK), Slack Technologies Inc (NYSE:WORK), Endava plc (NYSE:DAVA) and Palomar Holdings, Inc. (NASDAQ:PLMR). The total value of the shares sold is estimated at around $6.5 billion.
Additionally, the T. Rowe Price Equity Income Fund established new holdings in MultiPlan Corporation (MPLN) and IAC/InterActiveCorp (NASDAQ:IAC). The T. Rowe Price Equity Income Fund also increased their share in Quidel Corp (NASDAQ:QDEL), Yum Brands Inc (YUM), Vail Resorts Inc (NYSE:MTN), SEACOR Holdings Inc . (NYSE:CKH), SEACOR Holdings Inc., International Paper Co (NYSE:IP), Sealed Air Corp (NYSE:SEE), Lumber Liquidators Holdings, In (NYSE:LL), U.S. Physical Therapy, Inc. (USPH), REX American Resources (NASDAQ:AREC) Corporat (REX), Clearwater Paper Corporation (NYSE:CLW), Proofpoint Inc (NASDAQ:PFPT), RH (NYSE:RH), Franks International NV (FI), Bill.com Holdings, Inc. (NYSE:BILL), Snapchat Inc (SNAP), PCSB Financial Corporation (NASDAQ:PCSB), Scholar Rock Holding Corporatio (NASDAQ:SRRK), PagerDuty Inc (NYSE:PD) and RAPT Therapeutics, Inc. (NASDAQ:RAPT). The total value of the shares bought is estimated at around $4.5 billion.