Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 49,730 Cactus, Inc. (NYSE:WHD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Cactus, Inc. (NYSE:WHD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,730 shares of the company's stock, valued at approximately $2,279,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Cactus as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in WHD. Vanguard Group Inc. lifted its stake in shares of Cactus by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after acquiring an additional 147,395 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cactus by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after buying an additional 45,821 shares during the last quarter. Capital International Investors increased its holdings in Cactus by 14.8% in the fourth quarter. Capital International Investors now owns 1,686,858 shares of the company's stock valued at $98,445,000 after buying an additional 218,004 shares during the last quarter. First Trust Advisors LP increased its holdings in Cactus by 34.6% in the fourth 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cactus by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,238,420 shares of the company's stock valued at $72,271,000 after buying an additional 43,237 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Stifel Nicolaus cut their target price on shares of Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Barclays dropped their price target on shares of Cactus from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday, June 20th.

Cactus Price Performance

Cactus stock traded down $2.61 during mid-day trading on Friday, reaching $39.70. 1,222,798 shares of the company were exchanged, compared to its average volume of 547,781. The firm has a market cap of $3.17 billion, a PE ratio of 14.64, a PEG ratio of 3.72 and a beta of 1.48. 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 company has a fifty day simple moving average of $44.64 and a 200-day simple moving average of $47.25. Cactus, Inc. has a 12 month low of $33.80 and a 12 month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The business had revenue of $273.58 million during the quarter, compared to analyst estimates of $280.28 million. During the same quarter last year, the company posted $0.81 earnings per share. The company's revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Friday, August 29th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. This is a boost from Cactus's previous quarterly dividend of $0.13. The ex-dividend date is Friday, August 29th. Cactus's dividend payout ratio is 19.62%.

About Cactus

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.