Grantham Mayo Van Otterloo & Co. LLC Acquires 17,607 Shares of Cactus, Inc. (NYSE:WHD)

Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 448,598 shares of the company's stock after buying an additional 17,607 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.56% of Cactus worth $26,180,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in shares of Cactus by 0.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company's stock worth $2,182,000 after acquiring an additional 301 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Cactus in the 3rd quarter valued at $434,000. State Street Corp increased its stake in Cactus by 3.0% in the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock worth $164,436,000 after purchasing an additional 81,149 shares in the last quarter. XTX Topco Ltd acquired a new stake in Cactus during the 3rd quarter worth about $596,000. Finally, Barclays PLC raised its holdings in Cactus by 429.4% during the 3rd 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 period. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

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

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Cactus Stock Down 0.0 %

Cactus stock traded down $0.01 during mid-day trading on Friday, hitting $36.00. The company's stock had a trading volume of 248,346 shares, compared to its average volume of 757,455. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The company has a market cap of $2.87 billion, a PE ratio of 12.76, 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 current ratio of 3.82 and a quick ratio of 2.67. The firm's 50 day moving average is $49.78 and its 200 day moving average is $57.89.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly 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 return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $277.59 million. On average, analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. Cactus's dividend payout ratio (DPR) is currently 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.