Schroder Investment Management Group Raises Stock Position in Cactus, Inc. (NYSE:WHD)

Schroder Investment Management Group increased its holdings in shares of Cactus, Inc. (NYSE:WHD) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 532,472 shares of the company’s stock after purchasing an additional 39,412 shares during the period. Schroder Investment Management Group’s holdings in Cactus were worth $30,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of Cactus during the fourth quarter worth about $16,377,000. Weiss Asset Management LP acquired a new position in Cactus during the 3rd quarter worth approximately $13,647,000. Fisher Asset Management LLC boosted its holdings in Cactus by 65.5% in the 4th quarter. Fisher Asset Management LLC now owns 546,987 shares of the company’s stock worth $31,922,000 after acquiring an additional 216,543 shares during the period. Norges Bank acquired a new stake in Cactus in the fourth quarter valued at approximately $11,193,000. Finally, Vanguard Group Inc. grew its position in 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 acquiring an additional 147,395 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.00.

Cactus Price Performance

Shares of NYSE WHD opened at $46.34 on Wednesday. Cactus, Inc. has a 1-year low of $43.27 and a 1-year high of $70.01. The firm has a market capitalization of $3.69 billion, a PE ratio of 16.43, a P/E/G ratio of 5.13 and a beta of 2.05. 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 business’s fifty day moving average price is $53.92 and its two-hundred day moving average price is $59.31.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm 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%. On average, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

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.