Charles Schwab Investment Management Inc. Has $40.94 Million Stake in Cactus, Inc. (NYSE:WHD)

Charles Schwab Investment Management Inc. boosted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,485 shares of the company's stock after purchasing an additional 13,669 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of Cactus worth $40,939,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after acquiring an additional 52,085 shares in the last quarter. State Street Corp raised its stake in Cactus by 3.0% during the third quarter. State Street Corp now owns 2,755,757 shares of the company's stock worth $164,436,000 after acquiring an additional 81,149 shares in the last quarter. Boston Trust Walden Corp raised its stake in Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock worth $104,901,000 after acquiring an additional 9,884 shares in the last quarter. Geode Capital Management LLC raised its stake in Cactus by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after acquiring an additional 106,819 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Cactus by 6.8% during the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company's stock worth $63,184,000 after acquiring an additional 68,718 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

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Cactus Trading Up 1.3 %

WHD stock traded up $0.58 during trading on Tuesday, hitting $46.28. The company had a trading volume of 1,023,306 shares, compared to its average volume of 694,540. The business has a 50-day moving average of $56.97 and a 200-day moving average of $59.98. Cactus, Inc. has a one year low of $43.27 and a one year high of $70.01. The stock has a market cap of $3.68 billion, a PE ratio of 16.41, a PEG ratio of 5.13 and a beta of 2.05. 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 (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 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 company had revenue of $272.12 million during the quarter, compared to the consensus estimate 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 declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Monday, March 3rd. Cactus's payout ratio is 18.84%.

Analysts Set New Price Targets

Separately, Barclays reduced their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. One investment 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's stock. According to MarketBeat, Cactus presently has an average rating of "Hold" and a consensus 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.