KBC Group NV Purchases 360 Shares of Cactus, Inc. (NYSE:WHD)

KBC Group NV grew its position in Cactus, Inc. (NYSE:WHD) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,373 shares of the company’s stock after purchasing an additional 360 shares during the period. KBC Group NV’s holdings in Cactus were worth $155,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State of Tennessee Department of Treasury lifted its holdings in shares of Cactus by 0.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock valued at $2,091,000 after purchasing an additional 177 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Cactus by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock valued at $606,000 after purchasing an additional 180 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Cactus by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company’s stock valued at $220,000 after purchasing an additional 239 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Cactus by 7.5% in the first quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company’s stock valued at $164,000 after purchasing an additional 250 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Performance

NYSE WHD opened at $45.27 on Monday. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $43.26 and its two-hundred day moving average price is $48.90. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The firm has a market capitalization of $3.61 billion, a P/E ratio of 16.11 and a beta of 1.48.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The firm had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.15%. The ex-dividend date was Monday, June 2nd. Cactus’s dividend payout ratio (DPR) is currently 18.51%.

Analyst Ratings Changes

A number of brokerages have recently commented on WHD. Stifel Nicolaus cut their price target on Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 28th. Finally, Barclays reduced their price target on Cactus from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cactus currently has an average rating of “Hold” and a consensus target price of $52.33.

Cactus 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.