Intech Investment Management LLC Boosts Stock Holdings in Cactus, Inc. (NYSE:WHD)

Intech Investment Management LLC increased its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 55.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,761 shares of the company's stock after buying an additional 9,212 shares during the period. Intech Investment Management LLC's holdings in Cactus were worth $1,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Illinois Municipal Retirement Fund lifted its stake in shares of Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after purchasing an additional 169 shares during the period. New York State Teachers Retirement System lifted its position in Cactus by 1.3% during the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock valued at $197,000 after buying an additional 221 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after buying an additional 223 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Cactus by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock valued at $220,000 after purchasing an additional 239 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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Cactus Stock Performance

WHD traded down $0.02 during midday trading on Wednesday, hitting $47.17. 403,623 shares of the company traded hands, compared to its average volume of 668,090. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $55.65 and its 200 day moving average is $59.63. The firm has a market capitalization of $3.75 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

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 analysts' consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio is currently 18.84%.

Analysts Set New Price Targets

Separately, Barclays cut their price objective on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th. One research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.