New York State Teachers Retirement System Has $916,000 Holdings in Cactus, Inc. (NYSE:WHD)

New York State Teachers Retirement System grew its stake in Cactus, Inc. (NYSE:WHD) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,700 shares of the company’s stock after buying an additional 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Cactus were worth $916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Cactus in the third quarter valued at approximately $34,000. Versant Capital Management Inc boosted its holdings in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Cactus in the third quarter valued at approximately $177,000. KBC Group NV boosted its holdings in Cactus by 54.2% during the fourth 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 last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after purchasing an additional 307 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

NYSE WHD opened at $58.27 on Monday. 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 firm’s fifty day moving average price is $60.20 and its two-hundred day moving average price is $61.20. Cactus, Inc. has a 1 year low of $44.57 and a 1 year high of $70.01. The firm has a market capitalization of $4.64 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.89%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

Analysts Set New Price Targets

Separately, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Cactus has a consensus rating of “Hold” and an average price target of $56.40.

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.