Livforsakringsbolaget Skandia Omsesidigt Purchases New Shares in Cactus, Inc. (NYSE:WHD)

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Cactus, Inc. (NYSE:WHD - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,000 shares of the company's stock, valued at approximately $775,000.

Several other large investors have also recently added to or reduced their stakes in WHD. Vanguard Group Inc. boosted its holdings in shares of Cactus by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company's stock worth $329,182,000 after acquiring an additional 53,142 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Cactus during the second quarter worth $122,623,000. Boston Trust Walden Corp increased its stake in shares of Cactus by 1.3% in the second quarter. Boston Trust Walden Corp now owns 1,955,227 shares of the company's stock valued at $103,119,000 after buying an additional 25,839 shares in the last quarter. Wasatch Advisors LP lifted its position in Cactus by 39.1% during the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company's stock worth $66,921,000 after buying an additional 375,829 shares in the last quarter. Finally, Capital International Investors grew its holdings in Cactus by 3.9% during the 1st quarter. Capital International Investors now owns 1,293,233 shares of the company's stock worth $64,778,000 after acquiring an additional 48,379 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Cactus Stock Up 0.6 %

Shares of Cactus stock traded up $0.37 on Friday, hitting $62.97. The company had a trading volume of 611,558 shares, compared to its average volume of 716,878. The stock has a 50-day moving average of $59.53 and a 200-day moving average of $54.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.75 and a quick ratio of 2.59. Cactus, Inc. has a twelve month low of $37.58 and a twelve month high of $64.96. The firm has a market capitalization of $5.01 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.29 and a beta of 1.95.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.09. The business had revenue of $290.39 million for the quarter, compared to analyst estimates of $276.76 million. Cactus had a return on equity of 21.22% and a net margin of 16.88%. Cactus's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. Research analysts predict that Cactus, Inc. will post 3.04 earnings per share for the current year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, August 26th. This is a boost from Cactus's previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. Cactus's dividend payout ratio (DPR) is currently 20.72%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on WHD. Stifel Nicolaus reduced their target price on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research report on Friday. Piper Sandler lowered their price target on Cactus from $55.00 to $54.00 and set a "neutral" rating for the company in a research note on Monday, July 15th. Barclays boosted their price objective on shares of Cactus from $56.00 to $61.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Finally, Citigroup increased their target price on shares of Cactus from $48.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $55.40.

Cactus 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.