Cactus, Inc. (NYSE:WHD) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its position in shares of Cactus, Inc. (NYSE:WHD) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 752,707 shares of the company’s stock after acquiring an additional 6,730 shares during the quarter. Invesco Ltd.’s holdings in Cactus were worth $43,928,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of WHD. Oarsman Capital Inc. purchased a new stake in shares of Cactus in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC boosted its holdings in Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after acquiring an additional 223 shares during the period. Versant Capital Management Inc grew its position in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its stake in 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 purchasing an additional 337 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Cactus during the fourth quarter worth about $76,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

NYSE:WHD opened at $36.36 on Wednesday. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The firm has a market capitalization of $2.89 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The business’s fifty day moving average price is $48.34 and its 200 day moving average price is $57.44.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). The business 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%. On average, sell-side analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed 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 of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. Cactus’s dividend payout ratio is presently 18.84%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Cactus from $64.00 to $61.00 and set a “buy” rating for the company in a report on Tuesday. Barclays decreased their price target 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.80.

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.