TimesSquare Capital Management LLC Acquires 44,081 Shares of Cactus, Inc. (NYSE:WHD)

TimesSquare Capital Management LLC raised its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 393,178 shares of the company's stock after buying an additional 44,081 shares during the period. TimesSquare Capital Management LLC owned about 0.49% of Cactus worth $22,946,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WHD. Weiss Asset Management LP bought a new stake in Cactus in the third quarter worth $13,647,000. Bridgewater Associates LP acquired a new position in shares of Cactus during the third quarter worth approximately $9,501,000. Assenagon Asset Management S.A. lifted its holdings in shares of Cactus by 394.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company's stock worth $9,338,000 after buying an additional 127,614 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 106,819 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Cactus by 429.4% during the third quarter. Barclays PLC now owns 123,562 shares of the company's stock worth $7,373,000 after buying an additional 100,223 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays lowered Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One 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. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $56.40.

Cactus Stock Performance

Shares of NYSE WHD traded down $1.52 during trading hours on Friday, reaching $58.17. The stock had a trading volume of 263,474 shares, compared to its average volume of 445,576. The business's fifty day moving average is $60.29 and its two-hundred day moving average is $61.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 5.20 and a beta of 1.97. Cactus, Inc. has a twelve month low of $44.57 and a twelve month high of $70.01.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus's dividend payout ratio (DPR) is 18.44%.

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.