Assenagon Asset Management S.A. purchased a new stake in Cactus, Inc. (NYSE:WHD – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 339,486 shares of the company’s stock, valued at approximately $13,997,000. Assenagon Asset Management S.A. owned 0.43% of Cactus at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Cactus by 59.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 678 shares of the company’s stock valued at $26,000 after purchasing an additional 254 shares during the period. Private Trust Co. NA acquired a new stake in shares of Cactus in the 1st quarter valued at about $27,000. State of Wyoming acquired a new stake in shares of Cactus in the fourth quarter valued at about $28,000. Point72 Hong Kong Ltd acquired a new stake in shares of Cactus in the second quarter valued at about $39,000. Finally, Captrust Financial Advisors increased its position in shares of Cactus by 48.1% in the second quarter. Captrust Financial Advisors now owns 2,120 shares of the company’s stock valued at $85,000 after acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
Cactus Price Performance
NYSE:WHD opened at $42.33 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.83 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $37.90 and its two-hundred day moving average price is $44.36. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 5.44 and a beta of 1.94. Cactus, Inc. has a 12-month low of $31.36 and a 12-month high of $58.30.
Cactus Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were paid a $0.11 dividend. The ex-dividend date was Friday, May 26th. This represents a $0.44 annualized dividend and a yield of 1.04%. Cactus’s dividend payout ratio is 21.15%.
Analyst Upgrades and Downgrades
WHD has been the topic of a number of recent research reports. Citigroup lowered their target price on Cactus from $48.00 to $40.00 in a research report on Thursday, May 18th. Stifel Nicolaus lowered their target price on Cactus from $64.00 to $61.00 in a research report on Friday, May 19th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.17.
Cactus Company Profile
Cactus, Inc designs, manufactures, and sells a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.
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