Boston Partners Has $17.14 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Boston Partners increased its position in Cactus, Inc. (NYSE:WHD - Free Report) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,300 shares of the company's stock after buying an additional 8,776 shares during the period. Boston Partners owned 0.36% of Cactus worth $17,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its stake in shares of Cactus by 74.6% during 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 during the third quarter worth $34,000. Versant Capital Management Inc raised its holdings in Cactus by 165.4% during 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 in the last quarter. Jones Financial Companies Lllp raised its holdings 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 position in shares of Cactus by 202.5% in the fourth 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. Institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

Shares of NYSE:WHD traded down $0.02 during midday trading on Tuesday, hitting $47.28. The company's stock had a trading volume of 594,573 shares, compared to its average volume of 704,205. Cactus, Inc. has a fifty-two week low of $43.27 and a fifty-two week high of $70.01. 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 stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 5.13 and a beta of 2.05. The stock's 50 day simple moving average is $55.91 and its 200 day simple moving average is $59.68.

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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 analysts' consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently announced 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. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, March 3rd. Cactus's payout ratio is currently 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price objective 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 research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Cactus has a consensus rating of "Hold" and an average price target of $55.00.

Cactus Company 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.