Cactus, Inc. (NYSE:WHD) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. grew its stake 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 and Exchange Commission (SEC). The fund owned 323,075 shares of the company's stock after acquiring an additional 12,364 shares during the quarter. Bessemer Group Inc. owned about 0.41% of Cactus worth $14,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of WHD. First Trust Advisors LP increased its stake in shares of Cactus by 34.6% during the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock valued at $90,841,000 after acquiring an additional 400,452 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Cactus during the 4th quarter worth approximately $19,235,000. Raymond James Financial Inc. acquired a new stake in Cactus during the 4th quarter worth approximately $16,377,000. Point72 Asset Management L.P. acquired a new stake in Cactus during the 4th quarter worth approximately $14,285,000. Finally, Tudor Investment Corp ET AL increased its position in Cactus by 487.1% during the 4th 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. Institutional investors and hedge funds own 85.11% of the company's stock.

Analysts Set New Price Targets

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

Cactus Stock Up 2.8%

NYSE WHD opened at $44.66 on Friday. The stock has a market cap of $3.56 billion, a PE ratio of 15.89 and a beta of 1.49. Cactus, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The business has a 50 day moving average price of $42.42 and a two-hundred day moving average price of $49.78. The company has a quick ratio of 3.47, a current ratio of 4.85 and a debt-to-equity ratio of 0.01.

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

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Monday, June 2nd. Cactus's dividend payout ratio is presently 18.51%.

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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