Victory Capital Management Inc. Has $44.83 Million Holdings in Cactus, Inc. (NYSE:WHD)

Victory Capital Management Inc. increased its position in Cactus, Inc. (NYSE:WHD - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 768,166 shares of the company's stock after purchasing an additional 6,421 shares during the quarter. Victory Capital Management Inc. owned approximately 0.97% of Cactus worth $44,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bridgewater Associates LP acquired a new position in Cactus during the third quarter worth approximately $9,501,000. Principal Financial Group Inc. boosted its stake in shares of Cactus by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock worth $20,853,000 after acquiring an additional 15,035 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after acquiring an additional 52,085 shares during the last quarter. New York State Common Retirement Fund raised its stake in Cactus by 2.7% in the 4th quarter. New York State Common Retirement Fund now owns 183,077 shares of the company's stock valued at $10,684,000 after acquiring an additional 4,890 shares during the period. Finally, Citigroup Inc. raised its stake in Cactus by 81.2% in the 3rd quarter. Citigroup Inc. now owns 89,464 shares of the company's stock valued at $5,338,000 after acquiring an additional 40,099 shares during the period. 85.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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Cactus Stock Performance

NYSE:WHD traded down $1.48 during mid-day trading on Wednesday, hitting $45.00. 607,697 shares of the stock were exchanged, compared to its average volume of 573,418. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The firm's 50-day simple moving average is $58.43 and its 200 day simple moving average is $60.51. Cactus, Inc. has a fifty-two week low of $44.90 and a fifty-two week high of $70.01. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD - Get Free Report) last announced its 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 business 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%. As a group, equities 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 will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. Cactus's dividend payout ratio (DPR) is 18.84%.

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.