Intech Investment Management LLC Grows Stock Holdings in Cactus, Inc. (NYSE:WHD)

Intech Investment Management LLC boosted its holdings in Cactus, Inc. (NYSE:WHD) by 55.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,761 shares of the company’s stock after purchasing an additional 9,212 shares during the quarter. Intech Investment Management LLC’s holdings in Cactus were worth $1,503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after acquiring an additional 223 shares during the period. Quest Partners LLC purchased a new stake in Cactus during the 3rd quarter valued at approximately $34,000. Versant Capital Management Inc raised its position in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after acquiring an additional 337 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock valued at $100,000 after acquiring an additional 1,142 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Barclays decreased their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.00.

Cactus Price Performance

WHD stock opened at $45.98 on Friday. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01. The firm has a market capitalization of $3.66 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The company has a fifty day simple moving average of $56.18 and a two-hundred day simple moving average of $59.70. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is 18.84%.

Cactus Company Profile

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.