Abacus FCF Advisors LLC Buys 13,888 Shares of Cactus, Inc. (NYSE:WHD)

Abacus FCF Advisors LLC raised its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 46.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,802 shares of the company's stock after purchasing an additional 13,888 shares during the quarter. Abacus FCF Advisors LLC owned approximately 0.06% of Cactus worth $2,556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased 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 last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Cactus in the 3rd quarter valued at approximately $434,000. State Street Corp raised its position in Cactus by 3.0% during the third quarter. State Street Corp now owns 2,755,757 shares of the company's stock valued at $164,436,000 after purchasing an additional 81,149 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Cactus during the 3rd quarter worth $596,000. Finally, Barclays PLC lifted its holdings in shares of Cactus by 429.4% in the third quarter. Barclays PLC now owns 123,562 shares of the company's stock worth $7,373,000 after acquiring an additional 100,223 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barclays dropped their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.00.

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Cactus Trading Up 0.3 %

WHD stock traded up $0.10 during trading on Friday, hitting $36.11. The company had a trading volume of 1,307,099 shares, compared to its average volume of 763,818. The business has a 50-day moving average of $49.29 and a 200-day moving average of $57.73. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The stock has a market cap of $2.87 billion, a PE ratio of 12.80, a PEG ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.44%. 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.