Natixis Advisors LLC Invests $775,000 in Cactus, Inc. (NYSE:WHD)

Natixis Advisors LLC acquired a new stake in shares of Cactus, Inc. (NYSE:WHD) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 14,692 shares of the company’s stock, valued at approximately $775,000.

A number of other large investors also recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Cactus by 27.5% during the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after acquiring an additional 217 shares during the last quarter. Gilbert & Cook Inc. boosted its position in shares of Cactus by 2.6% in the 1st quarter. Gilbert & Cook Inc. now owns 14,016 shares of the company’s stock worth $702,000 after purchasing an additional 352 shares in the last quarter. Bridge City Capital LLC grew its stake in Cactus by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 69,590 shares of the company’s stock worth $3,486,000 after buying an additional 534 shares during the last quarter. Principal Securities Inc. acquired a new position in Cactus during the 4th quarter valued at about $30,000. Finally, Principal Financial Group Inc. raised its stake in Cactus by 10.7% in the fourth quarter. Principal Financial Group Inc. now owns 7,484 shares of the company’s stock valued at $340,000 after buying an additional 726 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on WHD. Piper Sandler cut their price objective on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Johnson Rice cut shares of Cactus from a “buy” rating to an “accumulate” rating in a report on Friday, May 31st. Citigroup boosted their price objective on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Barclays lifted their price target on Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.00.

Cactus Price Performance

NYSE:WHD opened at $55.75 on Friday. The firm’s fifty day moving average is $58.02 and its two-hundred day moving average is $52.80. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.02 and a beta of 1.95. Cactus, Inc. has a one year low of $37.58 and a one year high of $64.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 3.75.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $290.39 million during the quarter, compared to the consensus estimate of $276.76 million. Cactus had a return on equity of 21.22% and a net margin of 16.88%. Cactus’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Research analysts expect that Cactus, Inc. will post 3.03 EPS for the current year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Monday, August 26th were given a $0.13 dividend. The ex-dividend date was Monday, August 26th. This is a boost from Cactus’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. Cactus’s payout ratio is 20.72%.

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.