Boston Partners Boosts Stock Holdings in Cactus, Inc. (NYSE:WHD)

Boston Partners boosted its stake in Cactus, Inc. (NYSE:WHD) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 289,300 shares of the company’s stock after purchasing an additional 8,776 shares during the quarter. Boston Partners’ holdings in Cactus were worth $17,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Investments Inc lifted its position in shares of Cactus by 9.4% in the third quarter. Atria Investments Inc now owns 8,166 shares of the company’s stock worth $487,000 after buying an additional 704 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Cactus in the 3rd quarter worth approximately $212,000. Natixis Advisors LLC raised its holdings in shares of Cactus by 13.1% during the 3rd quarter. Natixis Advisors LLC now owns 16,623 shares of the company’s stock worth $992,000 after acquiring an additional 1,931 shares in the last quarter. Quest Partners LLC bought a new position in shares of Cactus during the 3rd quarter valued at approximately $34,000. Finally, Pathstone Holdings LLC grew its holdings in shares of Cactus by 5.4% in the third quarter. Pathstone Holdings LLC now owns 46,762 shares of the company’s stock valued at $2,790,000 after purchasing an additional 2,389 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

NYSE WHD opened at $46.44 on Friday. The company has a market cap of $3.70 billion, a P/E ratio of 16.47, a P/E/G ratio of 5.13 and a beta of 2.05. The business’s 50 day moving average price is $56.45 and its 200-day moving average price is $59.80. Cactus, Inc. has a fifty-two week low of $43.27 and a fifty-two week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD) last announced its earnings results 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). The firm had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s payout ratio is currently 18.84%.

Analyst Ratings Changes

Separately, Barclays lowered their price objective 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 investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.00.

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.