Pictet Asset Management Holding SA Grows Position in Cactus, Inc. (NYSE:WHD)

Pictet Asset Management Holding SA lifted its position in shares of Cactus, Inc. (NYSE:WHD) by 23.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,508 shares of the company’s stock after purchasing an additional 2,025 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cactus were worth $613,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WHD. Smartleaf Asset Management LLC boosted its position in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares during the period. Versant Capital Management Inc lifted its position in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after acquiring an additional 337 shares in the last quarter. AlphaQuest LLC boosted its holdings in Cactus by 202.5% in the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares during the period. Finally, KBC Group NV grew its position in Cactus by 54.2% in the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after acquiring an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Down 6.7 %

NYSE:WHD opened at $35.01 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a one year low of $34.48 and a one year high of $70.01. The stock has a 50-day simple moving average of $51.07 and a 200 day simple moving average of $58.38.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 EPS 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 analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.49%. Cactus’s dividend payout ratio (DPR) is 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target 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 issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.