Grantham Mayo Van Otterloo & Co. LLC Boosts Stake in Cactus, Inc. (NYSE:WHD)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Cactus, Inc. (NYSE:WHD) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 448,598 shares of the company’s stock after purchasing an additional 17,607 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.56% of Cactus worth $26,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of WHD. Oarsman Capital Inc. acquired a new position in Cactus in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Cactus by 74.6% in the 4th 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 last quarter. Versant Capital Management Inc boosted its position in shares of Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the period. Jones Financial Companies Lllp increased its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Cactus in the fourth quarter valued at approximately $76,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

NYSE:WHD opened at $37.51 on Friday. Cactus, Inc. has a 52 week low of $35.35 and a 52 week high of $70.01. The company has a fifty day simple moving average of $52.64 and a two-hundred day simple moving average of $58.93. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74.

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

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.39%. Cactus’s dividend payout ratio (DPR) is 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $55.00.

Cactus 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.