Vanguard Group Inc. Has $448.25 Million Stake in Cactus, Inc. (NYSE:WHD)

Vanguard Group Inc. increased its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,680,731 shares of the company's stock after acquiring an additional 147,395 shares during the period. Vanguard Group Inc. owned about 9.65% of Cactus worth $448,247,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in shares of Cactus by 74.6% in 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 during the period. Versant Capital Management Inc grew its position in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares during the period. Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 337 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after acquiring an additional 1,142 shares during the period. Finally, KBC Group NV boosted its stake in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company's stock valued at $176,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors own 85.11% of the company's stock.

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Analyst Ratings Changes

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

Cactus Price Performance

Shares of Cactus stock traded down $3.13 during trading on Friday, reaching $37.51. The company's stock had a trading volume of 2,220,370 shares, compared to its average volume of 744,331. The stock has a 50-day moving average price of $52.64 and a two-hundred day moving average price of $58.92. The stock has a market capitalization of $2.98 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a one year low of $35.35 and a one year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, sell-side analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed 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 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio is 18.84%.

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.