Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Cactus, Inc. (NYSE:WHD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the 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 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd purchased a new stake in Cactus during the 1st quarter valued at about $277,000. Financial Harvest LLC purchased a new stake in Cactus during the 1st quarter valued at about $130,000. Diversify Advisory Services LLC grew its stake in Cactus by 38.1% during the 1st quarter. Diversify Advisory Services LLC now owns 5,600 shares of the company's stock valued at $257,000 after acquiring an additional 1,545 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in Cactus during the 1st quarter valued at about $2,586,000. Finally, Diversify Wealth Management LLC grew its stake in Cactus by 34.1% during the 1st quarter. Diversify Wealth Management LLC now owns 16,513 shares of the company's stock valued at $757,000 after acquiring an additional 4,196 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Stifel Nicolaus dropped their price target on shares of Cactus from $57.00 to $53.00 and set a "buy" rating for the company 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 for the company in a research note on Friday, June 20th.

Cactus Trading Down 6.2%

Shares of NYSE:WHD 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 company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 3.49 and a beta of 1.48. The firm's 50-day simple moving average is $44.61 and its 200 day simple moving average is $47.00. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%. Cactus's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. Equities research analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Increases Dividend

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

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.