Boston Partners Buys 8,776 Shares of Cactus, Inc. (NYSE:WHD)

Boston Partners increased its stake in Cactus, Inc. (NYSE:WHD) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 289,300 shares of the company’s stock after purchasing an additional 8,776 shares during the quarter. Boston Partners owned 0.36% of Cactus worth $17,138,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WHD. JPMorgan Chase & Co. boosted its stake 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 worth $185,155,000 after buying an additional 52,085 shares during the last quarter. State Street Corp boosted its position in Cactus by 3.0% in the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock worth $164,436,000 after purchasing an additional 81,149 shares during the last quarter. Boston Trust Walden Corp grew its stake in shares of Cactus by 0.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock valued at $104,901,000 after purchasing an additional 9,884 shares during the period. Geode Capital Management LLC increased its position in shares of Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after purchasing an additional 106,819 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Cactus by 6.8% in the 4th quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock worth $63,184,000 after purchasing an additional 68,718 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

NYSE WHD opened at $46.44 on Friday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $43.27 and a 12 month high of $70.01. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 5.13 and a beta of 2.05. The company’s 50 day moving average is $56.45 and its two-hundred day moving average is $59.80.

Cactus (NYSE:WHD) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. As a group, research analysts anticipate 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. This represents a $0.52 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio is currently 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.00.

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.