Cibc World Markets Corp Buys Shares of 6,237 Cactus, Inc. (NYSE:WHD)

Cibc World Markets Corp purchased a new position in shares of Cactus, Inc. (NYSE:WHD) in the fourth quarter, Holdings Channel reports. The fund purchased 6,237 shares of the company’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds also recently modified their holdings of WHD. JPMorgan Chase & Co. lifted its holdings in Cactus by 1.7% in the third 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. State Street Corp raised its position in shares of Cactus by 3.0% during the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company’s stock worth $164,436,000 after buying an additional 81,149 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock worth $104,901,000 after acquiring an additional 9,884 shares during the period. Geode Capital Management LLC lifted its stake in shares of Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock worth $104,934,000 after acquiring an additional 106,819 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Cactus by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock valued at $63,184,000 after acquiring an additional 68,718 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on 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 analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $55.00.

Cactus Stock Performance

NYSE:WHD opened at $47.31 on Tuesday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $55.91 and a 200-day moving average of $59.68. Cactus, Inc. has a twelve month low of $43.27 and a twelve month high of $70.01. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last posted 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). The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Cactus Company 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.