1,400 Shares in Cactus, Inc. (NYSE:WHD) Acquired by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd bought a new position in Cactus, Inc. (NYSE:WHDFree Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,400 shares of the company’s stock, valued at approximately $70,000.

A number of other hedge funds also recently bought and sold shares of WHD. PNC Financial Services Group Inc. lifted its position in Cactus by 70.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,016 shares of the company’s stock worth $172,000 after buying an additional 1,247 shares during the last quarter. MetLife Investment Management LLC lifted its position in Cactus by 55.2% in the 1st quarter. MetLife Investment Management LLC now owns 30,390 shares of the company’s stock worth $1,724,000 after buying an additional 10,813 shares during the last quarter. BlackRock Inc. lifted its position in Cactus by 2.4% in the 1st quarter. BlackRock Inc. now owns 3,987,233 shares of the company’s stock worth $226,236,000 after buying an additional 94,603 shares during the last quarter. Westwood Holdings Group Inc. bought a new stake in Cactus in the 1st quarter worth approximately $268,000. Finally, Dimensional Fund Advisors LP lifted its position in Cactus by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 950,570 shares of the company’s stock worth $53,933,000 after buying an additional 10,327 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Down 2.9 %

WHD stock opened at $38.09 on Thursday. The firm has a market cap of $3.03 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 6.13 and a beta of 1.98. The company has a quick ratio of 1.63, a current ratio of 2.78 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $31.36 and a twelve month high of $57.00. The business has a 50 day moving average of $42.84 and a 200 day moving average of $47.28.

Cactus (NYSE:WHDGet Free Report) last issued its earnings results on Wednesday, November 8th. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $287.80 million during the quarter, compared to analysts’ expectations of $288.20 million. Cactus had a return on equity of 23.99% and a net margin of 14.97%. Cactus’s quarterly revenue was up 56.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS. On average, research analysts forecast that Cactus, Inc. will post 2.99 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Monday, November 27th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 1.26%. Cactus’s payout ratio is 20.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WHD shares. Bank of America lowered Cactus from a “neutral” rating to an “underperform” rating and lifted their price objective for the stock from $46.00 to $47.00 in a research report on Monday, October 16th. Barclays cut their price objective on Cactus from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 14th. Piper Sandler cut their price objective on Cactus from $59.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, November 13th. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $55.86.

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Cactus Company Profile

(Free Report)

Cactus, Inc designs, manufactures, and sells a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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