Magnetar Financial LLC Invests $285,000 in Cactus, Inc. (NYSE:WHD)

Magnetar Financial LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD) during the 4th quarter, Holdings Channel reports. The fund acquired 4,889 shares of the company’s stock, valued at approximately $285,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WHD. JPMorgan Chase & Co. grew its position in Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after acquiring an additional 52,085 shares during the last quarter. State Street Corp grew its position in Cactus by 3.0% in the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company’s stock valued at $164,436,000 after acquiring an additional 81,149 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock valued at $104,901,000 after buying an additional 9,884 shares during the period. Geode Capital Management LLC increased its stake in shares of Cactus by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after buying an additional 106,819 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Cactus by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock valued at $63,184,000 after buying an additional 68,718 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

Shares of NYSE WHD opened at $45.98 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market cap of $3.66 billion, a PE ratio of 16.31, a P/E/G ratio of 5.13 and a beta of 2.05. The business has a 50-day simple moving average of $56.18 and a two-hundred day simple moving average of $59.74. Cactus, Inc. has a fifty-two week low of $43.27 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD) last issued its quarterly 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 during 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 expect that Cactus, Inc. will post 3.08 EPS 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 dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is 18.84%.

Analyst Ratings Changes

Separately, Barclays cut their target price on 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 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. According to data from MarketBeat, the stock currently 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.