Aviva PLC Has $545,000 Position in Cactus, Inc. (NYSE:WHD)

Aviva PLC lessened its position in Cactus, Inc. (NYSE:WHD) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,343 shares of the company’s stock after selling 1,473 shares during the period. Aviva PLC’s holdings in Cactus were worth $545,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Emerald Advisers LLC grew its holdings in Cactus by 20.6% during the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company’s stock worth $17,935,000 after purchasing an additional 52,552 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Cactus by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company’s stock worth $20,853,000 after acquiring an additional 15,035 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after acquiring an additional 52,085 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Cactus by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after acquiring an additional 13,669 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Cactus in the 4th quarter valued at $16,377,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Price Performance

Shares of NYSE WHD opened at $36.11 on Friday. The firm has a market cap of $2.87 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The business’s 50 day moving average is $49.29 and its 200-day moving average is $57.73. 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, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01.

Cactus (NYSE:WHD) last released its quarterly 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). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Equities research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current 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 given a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.44%. Cactus’s payout ratio is 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.