Xponance Inc. Has $248,000 Holdings in Cactus, Inc. (NYSE:WHD)

Xponance Inc. grew its stake in Cactus, Inc. (NYSE:WHD) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,405 shares of the company’s stock after buying an additional 291 shares during the quarter. Xponance Inc.’s holdings in Cactus were worth $248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Cactus by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company’s stock worth $220,000 after purchasing an additional 239 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cactus by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,453 shares of the company’s stock worth $785,000 after purchasing an additional 286 shares during the last quarter. Swiss National Bank boosted its holdings in Cactus by 1.9% during the fourth quarter. Swiss National Bank now owns 130,700 shares of the company’s stock worth $7,628,000 after purchasing an additional 2,400 shares during the last quarter. Natixis Advisors LLC boosted its holdings in Cactus by 9.8% during the fourth quarter. Natixis Advisors LLC now owns 18,258 shares of the company’s stock worth $1,066,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in Cactus during the fourth quarter worth $364,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD stock opened at $43.57 on Friday. The stock has a market cap of $3.48 billion, a P/E ratio of 15.51, a P/E/G ratio of 3.83 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The company has a fifty day moving average price of $44.18 and a two-hundred day moving average price of $48.06. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01.

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

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, June 2nd. Cactus’s dividend payout ratio is 18.51%.

Wall Street Analyst Weigh In

A number of analysts have commented on WHD shares. Stifel Nicolaus cut their price target on shares of Cactus from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Barclays cut their price target on shares of Cactus from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, June 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th.

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.