Cactus, Inc. (NYSE:WHD) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Cactus, Inc. (NYSE:WHD) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,776 shares of the company’s stock after acquiring an additional 239 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cactus were worth $220,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares during the last quarter. Quest Partners LLC acquired a new stake in Cactus in the 3rd quarter worth about $34,000. Versant Capital Management Inc boosted its holdings in Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after buying an additional 337 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Cactus in the 3rd quarter worth about $177,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays lowered their target price on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Cactus Price Performance

Shares of NYSE:WHD opened at $45.98 on Friday. The company has a 50-day simple moving average of $56.18 and a 200-day simple moving average of $59.72. Cactus, Inc. has a one year low of $43.27 and a one year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The business had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

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.