Cubist Systematic Strategies LLC Takes Position in Cactus, Inc. (NYSE:WHD)

Cubist Systematic Strategies LLC bought a new position in Cactus, Inc. (NYSE:WHD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 19,972 shares of the company's stock, valued at approximately $1,166,000.

Other hedge funds have also bought and sold shares of the company. Oarsman Capital Inc. purchased a new position in Cactus in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in 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 buying an additional 223 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Cactus by 66.9% during 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 last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cactus during the 4th quarter valued at about $76,000. Finally, AlphaQuest LLC increased 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 during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

Shares of NYSE:WHD traded down $0.69 during mid-day trading on Monday, reaching $42.98. 583,573 shares of the company traded hands, compared to its average volume of 796,291. The company's 50 day moving average price is $41.32 and its 200-day moving average price is $53.96. The firm has a market cap of $3.42 billion, a PE ratio of 15.24, a PEG ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm's revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, equities analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.21%. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Analyst Upgrades and Downgrades

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