Grantham Mayo Van Otterloo & Co. LLC Boosts Holdings in Cactus, Inc. (NYSE:WHD)

Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Cactus, Inc. (NYSE:WHD) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 448,598 shares of the company’s stock after acquiring an additional 17,607 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Cactus were worth $26,180,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Cactus by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company’s stock worth $448,247,000 after purchasing an additional 147,395 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after buying an additional 52,085 shares during the last quarter. State Street Corp boosted its holdings in shares of Cactus by 3.0% in the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock valued at $164,436,000 after acquiring an additional 81,149 shares during the period. Geode Capital Management LLC grew its position in shares of Cactus by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 1,804,107 shares of the company’s stock worth $105,308,000 after acquiring an additional 45,821 shares during the last quarter. Finally, Boston Trust Walden Corp increased its holdings 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 acquiring an additional 9,884 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Price Performance

Cactus stock opened at $37.51 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The business has a 50 day simple moving average of $52.64 and a 200-day simple moving average of $58.93. Cactus, Inc. has a 12 month low of $35.35 and a 12 month high of $70.01. The stock has a market capitalization of $2.98 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.39%. Cactus’s payout ratio is currently 18.84%.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cactus currently has a consensus rating of “Hold” and an average target price of $55.00.

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.