Cactus, Inc. (NYSE:WHD) Stock Holdings Lifted by Axiom Investors LLC DE

Axiom Investors LLC DE grew its holdings in Cactus, Inc. (NYSE:WHD) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,317 shares of the company’s stock after purchasing an additional 30,851 shares during the period. Axiom Investors LLC DE owned about 0.19% of Cactus worth $8,714,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Cactus during the 3rd quarter worth about $34,000. Versant Capital Management Inc grew its stake in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 shares during the period. Finally, AlphaQuest LLC boosted its stake in Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock valued at $100,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $55.00.

Cactus Price Performance

NYSE:WHD opened at $45.73 on Monday. The company has a market cap of $3.64 billion, a P/E ratio of 16.22, a P/E/G ratio of 5.13 and a beta of 2.05. 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, Inc. has a one year low of $43.27 and a one year high of $70.01. The firm’s fifty day moving average price is $54.62 and its two-hundred day moving average price is $59.45.

Cactus (NYSE:WHD) last announced 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). The firm had revenue of $272.12 million for 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%. Equities analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. Cactus’s payout ratio is 18.84%.

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.