Swiss National Bank Has $5.92 Million Holdings in Cactus, Inc. $WHD

Swiss National Bank decreased its position in Cactus, Inc. (NYSE:WHD) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,200 shares of the company’s stock after selling 1,500 shares during the period. Swiss National Bank owned 0.16% of Cactus worth $5,921,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WHD. Financial Harvest LLC bought a new position in shares of Cactus during the 1st quarter valued at approximately $130,000. KBC Group NV lifted its stake in Cactus by 11.9% in the 1st quarter. KBC Group NV now owns 3,373 shares of the company’s stock worth $155,000 after purchasing an additional 360 shares in the last quarter. Central Pacific Bank Trust Division lifted its stake in Cactus by 7.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company’s stock worth $164,000 after purchasing an additional 250 shares in the last quarter. Portside Wealth Group LLC lifted its stake in Cactus by 12.2% in the 1st quarter. Portside Wealth Group LLC now owns 4,576 shares of the company’s stock worth $210,000 after purchasing an additional 496 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in Cactus by 7.4% in the 4th quarter. Hancock Whitney Corp now owns 4,009 shares of the company’s stock worth $234,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Trading Down 1.1%

WHD stock opened at $39.29 on Tuesday. The company has a market capitalization of $3.14 billion, a PE ratio of 14.83, a P/E/G ratio of 3.73 and a beta of 1.48. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The firm’s 50-day moving average is $43.81 and its 200 day moving average is $45.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, July 30th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $273.58 million during the quarter, compared to analyst estimates of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $0.81 earnings per share. On average, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a $0.14 dividend. This is an increase from Cactus’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. Cactus’s payout ratio is currently 21.13%.

Analysts Set New Price Targets

Several analysts have issued reports on WHD shares. Wall Street Zen cut shares of Cactus from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. cut their target price on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus decreased their target price on shares of Cactus from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, Barclays reissued an “overweight” rating and issued a $52.00 price target (down previously from $53.00) on shares of Cactus in a report on Monday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cactus presently has a consensus rating of “Hold” and a consensus price target of $50.75.

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.