Versor Investments LP Purchases New Position in Cactus, Inc. (NYSE:WHD)

Versor Investments LP purchased a new stake in Cactus, Inc. (NYSE:WHD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,894 shares of the company’s stock, valued at approximately $811,000.

Other large investors have also added to or reduced their stakes in the company. Bridgewater Associates LP purchased a new stake in Cactus in the 3rd quarter valued at about $9,501,000. JPMorgan Chase & Co. increased its stake in Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after buying an additional 52,085 shares during the last quarter. Principal Financial Group Inc. increased its stake in Cactus by 4.4% in the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company’s stock valued at $20,853,000 after buying an additional 15,035 shares during the last quarter. New York State Common Retirement Fund increased 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 buying an additional 4,890 shares during the last quarter. Finally, Citigroup Inc. increased 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 buying an additional 40,099 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Up 0.9 %

Shares of WHD stock opened at $52.55 on Friday. The company has a 50 day moving average of $59.91 and a 200-day moving average of $61.09. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12-month low of $44.57 and a 12-month high of $70.01. The firm has a market cap of $4.18 billion, a P/E ratio of 18.63, a PEG ratio of 5.13 and a beta of 1.97.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. Sell-side analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm 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 0.99%. Cactus’s dividend payout ratio is 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered 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 note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.40.

About Cactus

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.