Squarepoint Ops LLC Buys Shares of 19,281 Cactus, Inc. (NYSE:WHD)

Squarepoint Ops LLC acquired a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,281 shares of the company's stock, valued at approximately $1,125,000.

Several other institutional investors also recently made changes to their positions in WHD. Barclays PLC boosted its holdings in Cactus by 429.4% in the third quarter. Barclays PLC now owns 123,562 shares of the company's stock valued at $7,373,000 after acquiring an additional 100,223 shares during the last quarter. KBC Group NV raised its holdings in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company's stock worth $176,000 after purchasing an additional 1,059 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after purchasing an additional 9,884 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its holdings in shares of Cactus by 7.0% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 15,060 shares of the company's stock worth $879,000 after purchasing an additional 987 shares during the period. Finally, Vest Financial LLC increased its position in Cactus by 81.6% during the 4th quarter. Vest Financial LLC now owns 43,062 shares of the company's stock worth $2,513,000 after purchasing an additional 19,353 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Up 1.0%

NYSE WHD traded up $0.45 on Wednesday, reaching $44.55. The company had a trading volume of 948,867 shares, compared to its average volume of 803,334. The firm has a market capitalization of $3.56 billion, a PE ratio of 15.80, a P/E/G ratio of 5.13 and a beta of 1.50. The firm has a 50-day moving average of $40.35 and a 200-day moving average of $52.15. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. 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 (NYSE:WHD - Get Free Report) last announced its earnings results 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. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The business's quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 annualized dividend and a dividend yield of 1.17%. Cactus's dividend payout ratio is presently 18.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays upgraded shares of Cactus from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $51.00 to $54.00 in a report on Wednesday. JPMorgan Chase & Co. cut their target price on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Finally, Stifel Nicolaus reduced their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Cactus presently has an average rating of "Hold" and an average target price of $52.50.

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.