Cactus, Inc. (NYSE:WHD) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 48.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,547 shares of the company's stock after purchasing an additional 19,218 shares during the quarter. Deutsche Bank AG owned about 0.07% of Cactus worth $3,417,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. First Trust Advisors LP raised its position 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 buying an additional 400,452 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Cactus during the 4th quarter valued at about $19,235,000. Raymond James Financial Inc. purchased a new stake in Cactus in the 4th quarter worth about $16,377,000. Tudor Investment Corp ET AL raised its position in Cactus by 487.1% in 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 during the period. Finally, Capital International Investors raised its position in Cactus by 14.8% in the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after purchasing an additional 218,004 shares during the period. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus reduced their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Barclays dropped their target price on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $52.33.

Cactus Stock Up 0.2%

Shares of NYSE WHD traded up $0.10 during midday trading on Friday, reaching $41.54. 740,547 shares of the company's stock traded hands, compared to its average volume of 798,033. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock's 50 day simple moving average is $41.14 and its 200-day simple moving average is $53.65. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD - Get Free Report) last released 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. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The firm had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same period last year, the firm earned $0.75 earnings per share. The company's quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.25%. Cactus's dividend payout ratio is presently 18.51%.

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.