Cubist Systematic Strategies LLC Makes New $1.17 Million Investment in Cactus, Inc. (NYSE:WHD)

Cubist Systematic Strategies LLC acquired a new position in shares of Cactus, Inc. (NYSE:WHD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,972 shares of the company's stock, valued at approximately $1,166,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WHD. First Trust Advisors LP grew its holdings in Cactus by 34.6% during the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock worth $90,841,000 after acquiring an additional 400,452 shares during the period. Federated Hermes Inc. purchased a new stake in Cactus during the fourth quarter worth $19,235,000. Raymond James Financial Inc. purchased a new stake in Cactus during the fourth quarter worth $16,377,000. Tudor Investment Corp ET AL boosted its position in Cactus by 487.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company's stock worth $16,473,000 after purchasing an additional 234,191 shares in the last quarter. Finally, Capital International Investors boosted its position in Cactus by 14.8% during the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after purchasing an additional 218,004 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Stifel Nicolaus decreased their target price on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. cut their price target on Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Barclays cut their price target on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Cactus has an average rating of "Hold" and a consensus price target of $52.33.

Cactus Price Performance

Shares of NYSE WHD traded down $0.26 during trading on Friday, reaching $43.58. The company had a trading volume of 613,936 shares, compared to its average volume of 795,087. Cactus, Inc. has a twelve month low of $33.80 and a twelve month high of $70.01. The stock has a market capitalization of $3.47 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The stock has a 50-day moving average price of $41.36 and a two-hundred day moving average price of $54.14. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.32 million during the quarter, compared to analyst estimates of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 annualized dividend and a yield of 1.19%. Cactus's payout ratio is currently 18.51%.

About Cactus

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.