Cactus, Inc. (NYSE:WHD) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 701,485 shares of the company's stock after acquiring an additional 13,669 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.88% of Cactus worth $40,939,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after acquiring an additional 337 shares in the last quarter. Norden Group LLC raised its stake in Cactus by 5.6% in the 4th quarter. Norden Group LLC now owns 17,461 shares of the company's stock valued at $1,019,000 after purchasing an additional 931 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Cactus by 65.5% during the 4th quarter. Fisher Asset Management LLC now owns 546,987 shares of the company's stock worth $31,922,000 after purchasing an additional 216,543 shares during the last quarter. Finally, VELA Investment Management LLC purchased a new stake in shares of Cactus in the fourth quarter valued at approximately $1,909,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, Barclays reduced their price objective on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $55.00.

Cactus Trading Up 1.0 %

NYSE:WHD traded up $0.44 on Monday, reaching $45.44. The company's stock had a trading volume of 723,698 shares, compared to its average volume of 690,433. Cactus, Inc. has a 12-month low of $43.27 and a 12-month high of $70.01. The stock has a 50 day moving average price of $57.52 and a 200 day moving average price of $60.17. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The company has a quick ratio of 2.67, a current ratio of 3.82 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 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $272.12 million for the quarter, compared to analysts' expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, equities analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.14%. Cactus's dividend payout ratio (DPR) is presently 18.84%.

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.