New York State Common Retirement Fund Acquires 4,890 Shares of Cactus, Inc. (NYSE:WHD)

New York State Common Retirement Fund grew its holdings in Cactus, Inc. (NYSE:WHD) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,077 shares of the company’s stock after purchasing an additional 4,890 shares during the period. New York State Common Retirement Fund owned about 0.23% of Cactus worth $10,684,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bridgewater Associates LP acquired a new stake in Cactus in the 3rd quarter valued at $9,501,000. JPMorgan Chase & Co. grew 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 valued at $185,155,000 after acquiring an additional 52,085 shares in the last quarter. Citigroup Inc. increased its position in shares of Cactus by 81.2% in the third quarter. Citigroup Inc. now owns 89,464 shares of the company’s stock valued at $5,338,000 after acquiring an additional 40,099 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Cactus by 394.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock worth $9,338,000 after acquiring an additional 127,614 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in Cactus by 36.6% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock valued at $21,240,000 after purchasing an additional 97,570 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research note on Monday, November 4th. 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. According to data from MarketBeat, Cactus presently has an average rating of “Hold” and a consensus target price of $56.40.

Cactus Stock Up 0.2 %

WHD stock opened at $58.48 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 business’s 50 day simple moving average is $60.11 and its 200 day simple moving average is $61.19. Cactus, Inc. has a 1-year low of $44.57 and a 1-year high of $70.01. The firm has a market capitalization of $4.65 billion, a PE ratio of 20.74, a PEG ratio of 5.13 and a beta of 1.97.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Monday, March 3rd. Cactus’s payout ratio is 18.44%.

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.