Versor Investments LP Invests $811,000 in Cactus, Inc. (NYSE:WHD)

Versor Investments LP purchased a new position in shares of Cactus, Inc. (NYSE:WHD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,894 shares of the company’s stock, valued at approximately $811,000.

Several other institutional investors also recently modified their holdings of WHD. Weiss Asset Management LP acquired a new position in shares of Cactus during the third quarter worth $13,647,000. Bridgewater Associates LP acquired a new stake in Cactus in the third quarter valued at $9,501,000. Assenagon Asset Management S.A. increased its holdings in Cactus by 394.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock valued at $9,338,000 after purchasing an additional 127,614 shares during the period. Geode Capital Management LLC increased its holdings in Cactus by 6.5% in the third 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 period. Finally, Barclays PLC increased its holdings in Cactus by 429.4% in the third quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after purchasing an additional 100,223 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and a consensus target price of $56.40.

Cactus Stock Performance

Shares of Cactus stock opened at $52.55 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. The business has a 50-day moving average price of $59.91 and a two-hundred day moving average price of $61.09. Cactus, Inc. has a 1-year low of $44.57 and a 1-year high of $70.01. The company has a market cap of $4.18 billion, a P/E ratio of 18.63, a PEG ratio of 5.13 and a beta of 1.97.

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

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.99%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

About Cactus

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.