6,237 Shares in Cactus, Inc. (NYSE:WHD) Bought by Cibc World Markets Corp

Cibc World Markets Corp acquired a new position in Cactus, Inc. (NYSE:WHD) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,237 shares of the company’s stock, valued at approximately $364,000.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after purchasing an additional 223 shares during the last quarter. Quest Partners LLC acquired a new position in Cactus in the third quarter worth about $34,000. Versant Capital Management Inc increased its holdings in 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 last quarter. Jones Financial Companies Lllp raised its stake in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after buying an additional 337 shares in the last quarter. Finally, AlphaQuest LLC lifted its holdings in Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after buying an additional 1,142 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Stock Up 3.0 %

NYSE:WHD opened at $47.31 on Tuesday. 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 stock has a 50 day moving average of $55.91 and a 200-day moving average of $59.68. The firm has a market capitalization of $3.76 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01.

Cactus (NYSE:WHD) last issued 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 company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.10%. Cactus’s dividend payout ratio is presently 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.00.

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.