Northern Trust Corp Buys 68,473 Shares of Cactus, Inc. (NYSE:WHD)

Northern Trust Corp increased its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 724,891 shares of the company's stock after acquiring an additional 68,473 shares during the quarter. Northern Trust Corp owned approximately 0.91% of Cactus worth $42,305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company's stock worth $448,247,000 after buying an additional 147,395 shares during the period. Geode Capital Management LLC lifted its stake in shares of Cactus by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company's stock valued at $105,308,000 after purchasing an additional 45,821 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Cactus by 0.6% in the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock valued at $104,901,000 after purchasing an additional 9,884 shares during the period. Capital International Investors lifted its stake in shares of Cactus by 14.8% in the 4th quarter. Capital International Investors now owns 1,686,858 shares of the company's stock valued at $98,445,000 after purchasing an additional 218,004 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Cactus by 34.6% in 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 period. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Up 0.3%

NYSE WHD traded up $0.12 during trading hours on Wednesday, hitting $44.22. 94,757 shares of the company were exchanged, compared to its average volume of 790,561. The stock has a 50-day moving average price of $41.52 and a 200 day moving average price of $54.40. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The stock has a market cap of $3.52 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

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

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a $0.13 dividend. The ex-dividend date is Monday, June 2nd. This represents a $0.52 annualized dividend and a dividend yield of 1.18%. Cactus's payout ratio is 18.51%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Barclays lowered their price objective on Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Stifel Nicolaus lowered their target price on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $52.33.

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.