Bessemer Group Inc. Boosts Stock Holdings in Cactus, Inc. (NYSE:WHD)

Bessemer Group Inc. lifted its stake in Cactus, Inc. (NYSE:WHD) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,711 shares of the company’s stock after buying an additional 10,227 shares during the period. Bessemer Group Inc.’s holdings in Cactus were worth $18,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Illinois Municipal Retirement Fund increased its stake in Cactus by 0.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock worth $2,183,000 after purchasing an additional 169 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Cactus by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock worth $606,000 after purchasing an additional 180 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC raised its holdings in Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after buying an additional 223 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

Shares of Cactus stock opened at $36.02 on Friday. The business has a 50 day moving average of $49.78 and a 200 day moving average of $57.89. Cactus, Inc. has a 52 week low of $33.80 and a 52 week high of $70.01. The company has a market cap of $2.87 billion, a PE ratio of 12.77, a P/E/G ratio of 5.13 and a beta of 1.74. 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 (NYSE:WHD) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. As a group, equities research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.44%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Wall Street Analysts Forecast Growth

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

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.