Swiss National Bank Acquires 2,400 Shares of Cactus, Inc. (NYSE:WHD)

Swiss National Bank grew its holdings in shares of Cactus, Inc. (NYSE:WHD) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,700 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Cactus were worth $7,628,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bridgewater Associates LP purchased a new stake in Cactus during the third quarter worth about $9,501,000. Principal Financial Group Inc. increased 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 purchasing an additional 15,035 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after purchasing an additional 52,085 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Cactus by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after purchasing an additional 13,669 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Cactus by 2.7% in the fourth quarter. New York State Common Retirement Fund now owns 183,077 shares of the company’s stock valued at $10,684,000 after purchasing an additional 4,890 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Down 0.9 %

Shares of WHD stock opened at $45.98 on Friday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 5.13 and a beta of 2.05. The company’s fifty day simple moving average is $56.18 and its two-hundred day simple moving average is $59.72. Cactus, Inc. has a 1 year low of $43.27 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD) last issued its quarterly earnings data 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). 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. As a group, analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Analysts Set New Price Targets

Separately, Barclays lowered their target price on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 5th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.