Bessemer Group Inc. Acquires 12,364 Shares of Cactus, Inc. (NYSE:WHD)

Bessemer Group Inc. raised its position in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 323,075 shares of the company's stock after purchasing an additional 12,364 shares during the quarter. Bessemer Group Inc. owned 0.41% of Cactus worth $14,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WHD. Illinois Municipal Retirement Fund boosted its holdings in shares of Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock worth $2,183,000 after buying an additional 169 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in Cactus by 0.5% during the fourth quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock valued at $2,091,000 after buying an additional 177 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Cactus by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock worth $606,000 after acquiring an additional 180 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Cactus by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the company's stock worth $220,000 after acquiring an additional 239 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Trading Down 1.3%

Shares of Cactus stock traded down $0.56 on Monday, reaching $43.76. The company had a trading volume of 515,224 shares, compared to its average volume of 702,809. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 15.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The firm's 50-day moving average price is $42.69 and its two-hundred day moving average price is $49.31. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The business had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 2nd were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Monday, June 2nd. Cactus's dividend payout ratio (DPR) is currently 18.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WHD shares. Stifel Nicolaus dropped 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. Barclays dropped their target price on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a report on Friday, June 20th. Finally, JPMorgan Chase & Co. decreased their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $52.33.

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.