Cubist Systematic Strategies LLC Buys New Stake in Cactus, Inc. (NYSE:WHD)

Cubist Systematic Strategies LLC bought a new stake in Cactus, Inc. (NYSE:WHD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,972 shares of the company’s stock, valued at approximately $1,166,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company’s stock valued at $448,247,000 after purchasing an additional 147,395 shares in the last quarter. Geode Capital Management LLC lifted its position in Cactus by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company’s stock worth $105,308,000 after buying an additional 45,821 shares during the last quarter. Boston Trust Walden Corp lifted its position in Cactus by 0.6% in the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock worth $104,901,000 after buying an additional 9,884 shares during the last quarter. Capital International Investors lifted its position in Cactus by 14.8% in the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company’s stock worth $98,445,000 after buying an additional 218,004 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Cactus by 34.6% in the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock worth $90,841,000 after buying an additional 400,452 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WHD has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, May 6th. Stifel Nicolaus lowered their price target on Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Finally, Barclays lowered their price target on Cactus from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.33.

Cactus Stock Down 0.2%

NYSE:WHD opened at $44.11 on Wednesday. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The stock has a fifty day simple moving average of $41.52 and a 200-day simple moving average of $54.40. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.18%. Cactus’s dividend payout ratio is currently 18.51%.

About Cactus

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.