SG Americas Securities LLC Buys 4,549 Shares of Cactus, Inc. (NYSE:WHD)

SG Americas Securities LLC lifted its stake in Cactus, Inc. (NYSE:WHDGet Rating) by 29.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,821 shares of the company’s stock after buying an additional 4,549 shares during the period. SG Americas Securities LLC’s holdings in Cactus were worth $762,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Cactus by 866.7% in the second quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock valued at $27,000 after buying an additional 598 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Cactus by 492.3% during the second quarter. BNP Paribas Arbitrage SA now owns 36,505 shares of the company’s stock worth $1,470,000 after purchasing an additional 30,342 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Cactus by 14.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,439 shares of the company’s stock worth $622,000 after purchasing an additional 1,960 shares during the period. Federated Hermes Inc. lifted its stake in Cactus by 4.5% during the second quarter. Federated Hermes Inc. now owns 1,047,900 shares of the company’s stock worth $42,199,000 after purchasing an additional 44,766 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Cactus by 336.4% during the second quarter. Assenagon Asset Management S.A. now owns 50,975 shares of the company’s stock worth $2,053,000 after purchasing an additional 39,295 shares during the period. Institutional investors own 83.06% of the company’s stock.

Cactus Price Performance

WHD opened at $53.04 on Friday. The company has a fifty day moving average price of $52.32 and a two-hundred day moving average price of $46.07. The firm has a market capitalization of $4.02 billion, a PE ratio of 34.44, a P/E/G ratio of 0.47 and a beta of 1.93. Cactus, Inc. has a 52 week low of $34.70 and a 52 week high of $64.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.74.

Cactus (NYSE:WHDGet Rating) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $184.50 million for the quarter, compared to analysts’ expectations of $183.08 million. Cactus had a net margin of 14.94% and a return on equity of 14.60%. The firm’s revenue was up 59.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. As a group, analysts anticipate that Cactus, Inc. will post 1.78 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Monday, February 27th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $0.44 annualized dividend and a yield of 0.83%. Cactus’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

WHD has been the subject of a number of analyst reports. Bank of America raised their price target on shares of Cactus from $45.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 8th. Citigroup raised their price target on shares of Cactus from $47.00 to $58.00 in a research note on Sunday, November 13th. Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $52.00 to $48.00 in a research note on Thursday, October 6th. Benchmark began coverage on shares of Cactus in a research note on Thursday. They issued a “buy” rating and a $70.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Cactus from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, September 26th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Cactus presently has an average rating of “Hold” and an average target price of $58.14.

About Cactus

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Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

Further Reading

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Institutional Ownership by Quarter for Cactus (NYSE:WHD)

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