UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Cactus, Inc. (NYSE:WHD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Cactus, Inc. (NYSE:WHD - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,096 shares of the company's stock after acquiring an additional 35,162 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Cactus worth $10,510,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Advisors LP grew 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 valued at $90,841,000 after purchasing an additional 400,452 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Cactus during the fourth quarter valued at approximately $19,235,000. Raymond James Financial Inc. bought a new position in shares of Cactus during the fourth quarter valued at approximately $16,377,000. Point72 Asset Management L.P. purchased a new stake in shares of Cactus in the fourth quarter worth approximately $14,285,000. Finally, Tudor Investment Corp ET AL lifted its stake in shares of 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 acquiring an additional 234,191 shares during the last quarter. Institutional investors own 85.11% of the company's stock.

Cactus Stock Up 5.9%

NYSE WHD traded up $2.46 on Tuesday, reaching $43.93. 442,185 shares of the stock traded hands, compared to its average volume of 799,865. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 5.13 and a beta of 1.50. The company has a fifty day moving average price of $40.42 and a 200-day moving average price of $52.26. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. As a group, research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio (DPR) is 18.51%.

Analysts Set New Price Targets

WHD has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Barclays lowered their target price on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Cactus presently has an average rating of "Hold" and a consensus price target of $52.00.

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.