Xponance Inc. Acquires 823 Shares of Cactus, Inc. (NYSE:WHD)

Xponance Inc. increased its stake in Cactus, Inc. (NYSE:WHD) by 19.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,114 shares of the company’s stock after buying an additional 823 shares during the quarter. Xponance Inc.’s holdings in Cactus were worth $298,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WHD. Smartleaf Asset Management LLC grew its position 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 acquiring an additional 223 shares during the period. Quest Partners LLC purchased a new position in Cactus in the third quarter valued at approximately $34,000. Versant Capital Management Inc grew its holdings in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Jones Financial Companies Lllp grew its holdings in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after purchasing an additional 337 shares during the period. Finally, AlphaQuest LLC increased its position in Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after buying an additional 1,142 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Down 1.2 %

Shares of WHD stock opened at $46.57 on Friday. Cactus, Inc. has a 1 year low of $43.27 and a 1 year high of $70.01. The company’s fifty day simple moving average is $54.98 and its two-hundred day simple moving average is $59.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last issued 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). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. As a group, analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.12%. Cactus’s dividend payout ratio is currently 18.84%.

Analyst Ratings Changes

Separately, Barclays cut their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.00.

Cactus 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.