2 weeks Ago By Defense World Staff
Natixis Advisors LLC raised its stake in Cactus, Inc. ( NYSE:WHD – Free Report ) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 18,258 shares of the company’s stock after acquiring an additional 1,635 shares during the period. Natixis Advisors LLC’s holdings in Cactus were worth $1,066,000 as of its most recent SEC filing. Several other institutional investors and hedge funds have also recently modified their holdings of WHD.
Vestcor Inc grew its position in Cactus by 321.2% during the 4th quarter. Vestcor Inc now owns 6,293 shares of the company’s stock valued at $367,000 after purchasing an additional 4,799 shares during the last quarter.
Swiss National Bank lifted its stake in shares of Cactus by 1.9% in the fourth quarter. Swiss National Bank now owns 130,700 shares of the company’s stock worth $7,628,000 after buying an additional 2,400 shares in the last quarter.
Moran Wealth Management LLC purchased a new stake in shares of Cactus during the fourth quarter valued at approximately $201,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cactus by 2.2% during the fourth quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 13,453 shares of the company’s stock valued at $785,000 after acquiring an additional 286 shares in the last quarter. Finally, AlphaQuest LLC raised its holdings in Cactus by 202.5% in the 4th quarter.
AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth 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 note on Wednesday, March 5th.
One investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.00.
Cactus Trading Down 0.0 % NYSE:WHD opened at $47.28 on Wednesday.
The company has a market cap of $3.76 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 5.
13 and a beta of 2.05. 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 50 day simple moving average of $55.65 and a two-hundred day simple moving average of $59.63.
Cactus, Inc. has a 12 month low of $43.27 and a 12 month high of $70.
01. Cactus ( NYSE:WHD – Get Free Report ) last posted its quarterly earnings data 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 analysts’ expectations of $277.59 million.
Cactus had a net margin of 16.57% and a return on equity of 20.24%.
Research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.
Cactus Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.13 dividend.
This represents a $0.52 annualized dividend and a dividend yield of 1.10%.
The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.
About Cactus ( Free Report ) 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.
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