41,164 Shares in Cactus, Inc. $WHD Bought by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has acquired 41,164 shares of Cactus, Inc. (NYSE: WHD), worth approximately $1.887 million, marking their entry into the stock.
• Cactus, Inc. has recently increased its quarterly dividend to $0.14, reflecting an annualized yield of 1.3%, which is a positive change from the previous dividend.
• The stock's performance report showed a net earnings miss for the last quarter, with earnings per share reported at $0.66, below the expected $0.67, alongside a 5.8% revenue decline year-over-year.

Campbell & CO Investment Adviser LLC bought a new position in Cactus, Inc. (NYSE:WHD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,164 shares of the company's stock, valued at approximately $1,887,000. Campbell & CO Investment Adviser LLC owned 0.05% of Cactus at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Cactus in the 1st quarter worth $57,000. Financial Harvest LLC acquired a new position in shares of Cactus during the 1st quarter worth about $130,000. KBC Group NV boosted its stake in shares of Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after buying an additional 360 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Cactus by 7.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 3,586 shares of the company's stock worth $164,000 after buying an additional 250 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Cactus by 12.2% during the 1st quarter. Portside Wealth Group LLC now owns 4,576 shares of the company's stock worth $210,000 after buying an additional 496 shares during the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Down 1.6%

Shares of WHD stock opened at $41.6640 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. The firm's 50-day moving average is $43.19 and its 200-day moving average is $44.43. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 3.98 and a beta of 1.48. 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 issued its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.01). The firm had revenue of $273.58 million during the quarter, compared to the consensus estimate of $280.28 million. Cactus had a net margin of 16.19% and a return on equity of 17.34%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Cactus's previous quarterly dividend of $0.13. Cactus's payout ratio is currently 19.62%.

Analyst Upgrades and Downgrades

WHD has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective 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. Barclays restated an "overweight" rating and set a $52.00 price objective (down from $53.00) on shares of Cactus in a research note on Monday, August 4th. Stifel Nicolaus reduced their price objective on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Cactus from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cactus has a consensus rating of "Hold" and an average 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.

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