Cactus, Inc. (NYSE:WHD) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in Cactus, Inc. (NYSE:WHD) by 66.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 841 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Jones Financial Companies Lllp’s holdings in Cactus were worth $49,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after acquiring an additional 52,085 shares in the last quarter. State Street Corp grew 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 valued at $164,436,000 after acquiring an additional 81,149 shares in the last quarter. Boston Trust Walden Corp grew its position in Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock valued at $104,901,000 after acquiring an additional 9,884 shares in the last quarter. Geode Capital Management LLC grew its position in Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after acquiring an additional 106,819 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Cactus by 6.8% in 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. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays lowered 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.00.

Cactus Stock Performance

Shares of Cactus stock opened at $46.28 on Wednesday. Cactus, Inc. has a one year low of $43.27 and a one year high of $70.01. The company has a market cap of $3.68 billion, a PE ratio of 16.41, a P/E/G ratio of 5.13 and a beta of 2.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The business has a 50-day simple moving average of $56.97 and a 200-day simple moving average of $59.98.

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

Cactus Announces Dividend

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

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.