Cramer Rosenthal Mcglynn LLC Has $8.46 Million Stake in Cactus, Inc. (NYSE:WHD)

Cramer Rosenthal Mcglynn LLC grew its position in Cactus, Inc. (NYSE:WHD - Free Report) by 64.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 144,980 shares of the company's stock after acquiring an additional 56,982 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 0.18% of Cactus worth $8,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock valued at $448,247,000 after buying an additional 147,395 shares during the period. JPMorgan Chase & Co. lifted its stake in Cactus by 1.7% during the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after purchasing an additional 52,085 shares during the period. Geode Capital Management LLC boosted its holdings in Cactus by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after purchasing an additional 45,821 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after purchasing an additional 9,884 shares during the period. Finally, Capital International Investors lifted its position in shares of Cactus by 14.8% during the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after buying an additional 218,004 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on WHD. 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. Stifel Nicolaus dropped their target price on shares of Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $53.80.

Cactus Trading Down 2.4 %

WHD stock traded down $0.91 during midday trading on Monday, hitting $36.90. 581,131 shares of the company's stock were exchanged, compared to its average volume of 777,310. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The stock's fifty day moving average price is $46.52 and its 200-day moving average price is $56.71. The company has a market cap of $2.94 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly 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). The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Research analysts predict that Cactus, Inc. will post 3.08 earnings per share 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 given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio (DPR) is 18.84%.

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.