Teachers Retirement System of The State of Kentucky Buys 1,609 Shares of Cactus, Inc. (NYSE:WHD)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Cactus, Inc. (NYSE:WHDGet Rating) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,429 shares of the company’s stock after purchasing an additional 1,609 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.08% of Cactus worth $3,429,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swiss National Bank grew its holdings in Cactus by 9.1% during the 1st quarter. Swiss National Bank now owns 139,400 shares of the company’s stock worth $7,910,000 after acquiring an additional 11,600 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Cactus during the 1st quarter worth approximately $515,000. Qube Research & Technologies Ltd grew its holdings in Cactus by 17.2% during the 4th quarter. Qube Research & Technologies Ltd now owns 21,697 shares of the company’s stock worth $827,000 after acquiring an additional 3,189 shares during the last quarter. FORA Capital LLC bought a new stake in Cactus during the 1st quarter worth approximately $292,000. Finally, Mirabella Financial Services LLP bought a new stake in Cactus during the 4th quarter worth approximately $2,197,000. 83.96% of the stock is owned by institutional investors.

Cactus Stock Down 0.2 %

Cactus stock opened at $41.51 on Tuesday. The company has a quick ratio of 3.92, a current ratio of 5.23 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12-month low of $32.70 and a 12-month high of $64.18. The firm’s fifty day moving average is $40.58 and its 200 day moving average is $46.90. The company has a market capitalization of $3.14 billion, a PE ratio of 33.48, a PEG ratio of 0.51 and a beta of 1.97.

Cactus (NYSE:WHDGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Cactus had a net margin of 13.43% and a return on equity of 12.05%. The company had revenue of $170.20 million for the quarter, compared to the consensus estimate of $161.11 million. During the same quarter in the previous year, the company earned $0.16 EPS. Cactus’s quarterly revenue was up 56.3% compared to the same quarter last year. As a group, sell-side analysts predict that Cactus, Inc. will post 1.75 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 29th were given a dividend of $0.11 per share. The ex-dividend date was Friday, August 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.06%. Cactus’s payout ratio is presently 35.48%.

Analysts Set New Price Targets

WHD has been the topic of a number of research reports. Morgan Stanley reduced their target price on shares of Cactus from $60.00 to $50.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 13th. Barclays dropped their price target on shares of Cactus from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 8th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.80.

Cactus Company Profile

(Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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