Versor Investments LP Invests $811,000 in Cactus, Inc. (NYSE:WHD)

Versor Investments LP bought a new stake in Cactus, Inc. (NYSE:WHD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,894 shares of the company's stock, valued at approximately $811,000.

A number of other hedge funds have also made changes to their positions in WHD. Creative Planning lifted its position in shares of Cactus by 27.5% during the 3rd quarter. Creative Planning now owns 11,292 shares of the company's stock worth $674,000 after purchasing an additional 2,433 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock worth $188,000 after purchasing an additional 307 shares during the period. New York State Teachers Retirement System grew its position in Cactus by 1.3% in the third quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock valued at $925,000 after acquiring an additional 200 shares during the period. First Trust Direct Indexing L.P. bought a new position in Cactus during the 3rd quarter valued at about $226,000. Finally, Diversify Wealth Management LLC increased its holdings in Cactus by 18.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 8,504 shares of the company's stock valued at $499,000 after purchasing an additional 1,334 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barclays cut shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a research report on Monday, November 4th. One 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 company presently has an average rating of "Hold" and a consensus price target of $56.40.

Cactus Trading Down 2.8 %

Shares of Cactus stock traded down $1.41 on Tuesday, hitting $48.92. 921,440 shares of the company's stock traded hands, compared to its average volume of 527,291. The firm's 50-day moving average price is $59.70 and its two-hundred day moving average price is $61.01. 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 stock has a market capitalization of $3.89 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97. Cactus, Inc. has a one year low of $44.57 and a one year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million during 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 fiscal year.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.06%. The ex-dividend date is Monday, March 3rd. Cactus's payout ratio is presently 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.