Cactus, Inc. (NYSE:WHD) Shares Bought by Intrust Bank NA

Intrust Bank NA boosted its holdings in shares of Cactus, Inc. (NYSE:WHD) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,351 shares of the company’s stock after purchasing an additional 1,893 shares during the quarter. Intrust Bank NA’s holdings in Cactus were worth $896,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WHD. Smartleaf Asset Management LLC lifted 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 buying an additional 223 shares in the last quarter. Quest Partners LLC acquired a new position in Cactus during the third quarter worth $34,000. Versant Capital Management Inc lifted 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 in the last quarter. Jones Financial Companies Lllp grew its position in shares of Cactus by 66.9% in 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 stake in shares of Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after purchasing an additional 1,142 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Price Performance

Shares of NYSE WHD opened at $45.73 on Friday. The firm has a 50-day simple moving average of $54.62 and a 200-day simple moving average of $59.41. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01.

Cactus (NYSE:WHD) last released its quarterly earnings data 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 analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal 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. This represents a $0.52 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s payout ratio is currently 18.84%.

Analysts Set New Price Targets

Separately, Barclays lowered their price objective 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 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 currently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.