GSA Capital Partners LLP Has $826,000 Stock Position in Cactus, Inc. (NYSE:WHD)

Key Points

• GSA Capital Partners LLP increased its stake in Cactus, Inc. by 394.0%, owning 18,022 shares valued at $826,000 following the purchase of 14,374 shares in the first quarter.
• Wall Street analysts have recently revised their price objectives for Cactus, with Barclays lowering theirs from $54.00 to $53.00 and JPMorgan from $52.00 to $50.00, indicating varying degrees of performance expectations.
• Cactus has announced an increase in its quarterly dividend from $0.13 to $0.14, representing an annualized payment of $0.56 and a dividend yield of 1.4%.

GSA Capital Partners LLP boosted its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 394.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,022 shares of the company's stock after buying an additional 14,374 shares during the period. GSA Capital Partners LLP's holdings in Cactus were worth $826,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Cactus by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock worth $105,308,000 after buying an additional 45,821 shares during the period. Capital International Investors raised its holdings in Cactus by 14.8% during the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock worth $98,445,000 after buying an additional 218,004 shares during the period. First Trust Advisors LP raised its holdings in Cactus by 34.6% during the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company's stock worth $90,841,000 after buying an additional 400,452 shares during the period. Dimensional Fund Advisors LP raised its holdings in Cactus by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock worth $72,271,000 after buying an additional 43,237 shares during the period. Finally, Invesco Ltd. raised its holdings in Cactus by 0.9% during the 4th quarter. Invesco Ltd. now owns 752,707 shares of the company's stock worth $43,928,000 after buying an additional 6,730 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WHD has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a report on Friday, June 20th. JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a report on Friday.

Cactus Price Performance

NYSE:WHD opened at $39.70 on Friday. The company has a current ratio of 4.85, a quick ratio of 3.47 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $44.61 and a 200 day simple moving average of $47.11. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The stock has a market capitalization of $3.17 billion, a PE ratio of 14.98, a P/E/G ratio of 3.72 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last announced 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 business 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 company's revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS. On average, research analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Friday, August 29th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Cactus's previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.4%. Cactus's dividend payout ratio (DPR) is presently 19.62%.

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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