Smartleaf Asset Management LLC Raises Holdings in Cactus, Inc. (NYSE:WHD)

Smartleaf Asset Management LLC lifted its stake in Cactus, Inc. (NYSE:WHD) by 74.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 522 shares of the company’s stock after buying an additional 223 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Cactus were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of WHD. Quest Partners LLC purchased a new stake in shares of Cactus in the third quarter worth about $34,000. Versant Capital Management Inc raised its holdings in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the period. KBC Group NV raised its holdings in Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after purchasing an additional 1,059 shares during the period. Sanctuary Advisors LLC acquired a new position in Cactus in the 3rd quarter worth about $177,000. Finally, Central Pacific Bank Trust Division raised its holdings in Cactus by 32.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,336 shares of the company’s stock worth $195,000 after purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

Shares of Cactus stock opened at $45.00 on Thursday. The business has a 50 day simple moving average of $58.43 and a two-hundred day simple moving average of $60.51. Cactus, Inc. has a 12 month low of $44.90 and a 12 month high of $70.01. The stock has a market capitalization of $3.58 billion, a P/E ratio of 15.96, a PEG 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.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. As a group, analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cactus presently has a consensus 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.