Cactus, Inc. (NYSE:WHD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Cactus, Inc. (NYSE:WHD) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $50.20.

A number of research analysts have commented on the company. Citigroup raised Cactus from a “neutral” rating to a “buy” rating and upped their price target for the company from $45.00 to $55.00 in a research report on Thursday, December 11th. Stifel Nicolaus raised their price target on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Barclays upped their price objective on shares of Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, Zacks Research lowered shares of Cactus from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its position in shares of Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Cactus by 101.1% during the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock valued at $524,000 after buying an additional 5,745 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cactus by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock valued at $1,819,000 after buying an additional 1,733 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Cactus in the 1st quarter worth about $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cactus by 26.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after acquiring an additional 46,835 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of NYSE:WHD opened at $58.06 on Friday. The company has a current ratio of 5.28, a quick ratio of 3.74 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $49.83 and a 200-day moving average price of $43.85. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 5.78 and a beta of 1.27. Cactus has a 12 month low of $33.20 and a 12 month high of $61.38.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd. Cactus’s payout ratio is presently 22.31%.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.