Jones Financial Companies Lllp Increases Stake in Cactus, Inc. (NYSE:WHD)

Jones Financial Companies Lllp raised its position in Cactus, Inc. (NYSE:WHD) by 66.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 841 shares of the company’s stock after purchasing an additional 337 shares during the period. Jones Financial Companies Lllp’s holdings in Cactus were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its holdings in Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock valued at $2,183,000 after purchasing an additional 169 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Cactus by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after acquiring an additional 200 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after acquiring an additional 221 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after acquiring an additional 223 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cactus by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock worth $2,182,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Up 1.3 %

Shares of NYSE:WHD opened at $46.28 on Wednesday. The business has a 50-day moving average price of $56.97 and a 200 day moving average price of $59.98. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 5.13 and a beta of 2.05. 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). 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%. Sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, March 3rd. Cactus’s payout ratio is 18.84%.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.00.

About Cactus

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.