Cactus, Inc. (NYSE:WHD) Holdings Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Cactus, Inc. (NYSE:WHD) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 701,485 shares of the company’s stock after purchasing an additional 13,669 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.88% of Cactus worth $40,939,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after purchasing an additional 52,085 shares during the period. State Street Corp lifted 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 worth $164,436,000 after buying an additional 81,149 shares in the last quarter. Boston Trust Walden Corp boosted its stake in shares of Cactus by 0.6% during the 4th 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 boosted its stake in shares of Cactus by 6.5% during the 3rd 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 grew its holdings in shares of Cactus by 6.8% during the 4th quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock valued at $63,184,000 after acquiring an additional 68,718 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays reduced their price objective on 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.00.

Cactus Stock Performance

Shares of WHD opened at $44.96 on Friday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The company’s fifty day moving average is $57.52 and its 200-day moving average is $60.17. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $43.27 and a 12 month high of $70.01.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Equities analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.16%. 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.