Charles Schwab Investment Management Inc. Raises Position in Cactus, Inc. (NYSE:WHD)

Charles Schwab Investment Management Inc. grew its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 701,485 shares of the company's stock after buying an additional 13,669 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of Cactus worth $40,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of WHD. Smartleaf Asset Management LLC lifted its holdings in 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 buying an additional 223 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Cactus in the 3rd quarter valued at about $34,000. Versant Capital Management Inc lifted its holdings in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after purchasing an additional 359 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company's stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Cactus Price Performance

Shares of WHD traded up $1.04 on Tuesday, reaching $46.74. The stock had a trading volume of 50,105 shares, compared to its average volume of 608,045. The firm has a market capitalization of $3.72 billion, a PE ratio of 16.57, a PEG 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. The firm has a 50-day moving average of $57.24 and a 200 day moving average of $60.07. Cactus, Inc. has a twelve month low of $43.27 and a twelve month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted 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 company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $277.59 million. Sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current 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 paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus's dividend payout ratio 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.