Cactus, Inc. (NYSE:WHD) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in Cactus, Inc. (NYSE:WHD - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 310,711 shares of the company's stock after buying an additional 10,227 shares during the period. Bessemer Group Inc. owned approximately 0.39% of Cactus worth $18,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Cactus in the fourth quarter valued at $16,377,000. Abacus FCF Advisors LLC grew its position in Cactus by 46.4% during the fourth quarter. Abacus FCF Advisors LLC now owns 43,802 shares of the company's stock valued at $2,556,000 after buying an additional 13,888 shares during the period. Invesco Ltd. increased its holdings in Cactus by 0.9% in the fourth quarter. Invesco Ltd. now owns 752,707 shares of the company's stock valued at $43,928,000 after buying an additional 6,730 shares in the last quarter. Bank of Montreal Can raised its position in shares of Cactus by 12.7% in the fourth quarter. Bank of Montreal Can now owns 8,013 shares of the company's stock worth $468,000 after acquiring an additional 903 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in shares of Cactus during the 4th quarter worth about $19,235,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Price Performance

Shares of NYSE:WHD traded down $0.73 during trading on Tuesday, reaching $36.36. The stock had a trading volume of 1,319,842 shares, compared to its average volume of 770,791. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The stock has a market cap of $2.89 billion, a PE ratio of 12.89, a PEG ratio of 5.13 and a beta of 1.74. The business has a fifty day moving average price of $48.81 and a 200-day moving average price of $57.58.

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Cactus (NYSE:WHD - Get Free Report) last announced 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). The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, equities analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.43%. Cactus's dividend payout ratio is presently 18.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays reduced 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. Stifel Nicolaus decreased their target price on Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday. 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's stock. According to data from MarketBeat.com, Cactus currently has an average rating of "Hold" and a consensus target price of $53.80.

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.