Axiom Investors LLC DE Buys 30,851 Shares of Cactus, Inc. (NYSE:WHD)

Axiom Investors LLC DE lifted its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,317 shares of the company's stock after purchasing an additional 30,851 shares during the quarter. Axiom Investors LLC DE owned about 0.19% of Cactus worth $8,714,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WHD. Smartleaf Asset Management LLC boosted its position in shares of Cactus by 74.6% during 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. Quest Partners LLC bought a new stake in shares of Cactus during the 3rd quarter worth $34,000. Versant Capital Management Inc grew 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 worth $34,000 after acquiring an additional 359 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after purchasing an additional 337 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock worth $100,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 85.11% of the company's stock.

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Cactus Stock Down 6.5 %

Shares of WHD traded down $2.66 during trading hours on Friday, hitting $37.97. 955,802 shares of the company were exchanged, compared to its average volume of 737,323. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market cap of $3.02 billion, a PE ratio of 13.42, a PEG ratio of 5.13 and a beta of 1.74. The firm's 50 day moving average is $53.16 and its 200-day moving average is $59.10. Cactus, Inc. has a 52 week low of $35.35 and a 52 week high of $70.01.

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). The firm had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, equities research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio (DPR) is presently 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $55.00.

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.