Janus Henderson Group PLC Buys 14,435 Shares of Cactus, Inc. (NYSE:WHD)

Janus Henderson Group PLC grew its stake in Cactus, Inc. (NYSE:WHD) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,230 shares of the company’s stock after buying an additional 14,435 shares during the period. Janus Henderson Group PLC owned 0.05% of Cactus worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Oarsman Capital Inc. bought a new position in Cactus during the fourth quarter worth $26,000. Smartleaf Asset Management LLC raised its position in shares of 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 acquiring an additional 223 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Cactus by 66.9% in the 4th 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. Meeder Asset Management Inc. bought a new stake in shares of Cactus during the 4th quarter valued at about $76,000. Finally, AlphaQuest LLC boosted its position in shares of Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock valued at $100,000 after purchasing an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Down 1.1%

Shares of NYSE:WHD opened at $42.49 on Wednesday. The firm has a market capitalization of $3.38 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 52-week low of $33.80 and a 52-week high of $70.01. The firm has a fifty day moving average of $41.31 and a 200 day moving average of $53.88.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus’s payout ratio is currently 18.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WHD. Stifel Nicolaus cut their price objective on shares of Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Barclays cut their price target on Cactus from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on Cactus from $54.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.33.

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.