Schroder Investment Management Group Raises Stock Holdings in Cactus, Inc. (NYSE:WHD)

Schroder Investment Management Group lifted its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 532,472 shares of the company's stock after acquiring an additional 39,412 shares during the quarter. Schroder Investment Management Group owned 0.67% of Cactus worth $30,638,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WHD. Vanguard Group Inc. lifted its stake in Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after purchasing an additional 147,395 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after acquiring an additional 52,085 shares during the last quarter. State Street Corp lifted its stake in shares of Cactus by 3.0% in the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock valued at $164,436,000 after acquiring an additional 81,149 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in Cactus by 0.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after acquiring an additional 9,884 shares during the period. Finally, Geode Capital Management LLC grew its position in Cactus by 6.5% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

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Cactus Trading Down 7.7 %

NYSE:WHD traded down $3.13 during mid-day trading on Friday, reaching $37.51. 2,220,370 shares of the company's stock traded hands, compared to its average volume of 744,331. The company has a 50 day moving average price of $52.64 and a 200-day moving average price of $58.92. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a 12-month low of $35.35 and a 12-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 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 business had revenue of $272.12 million for the quarter, compared to analysts' expectations of $277.59 million. On average, sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.39%. Cactus's dividend payout ratio is 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price objective on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $55.00.

About Cactus

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.