Amova Asset Management Americas Inc. Acquires New Shares in Cactus, Inc. $WHD

Amova Asset Management Americas Inc. bought a new stake in shares of Cactus, Inc. (NYSE:WHD) during the 3rd quarter, HoldingsChannel reports. The firm bought 13,297 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. lifted its holdings 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 raised its position in Cactus by 101.1% in the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock worth $524,000 after buying an additional 5,745 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 acquiring an additional 1,733 shares during the period. United Services Automobile Association bought a new position in Cactus during the 1st quarter valued at about $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cactus by 26.0% during 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 valued at $10,400,000 after acquiring an additional 46,835 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

WHD opened at $50.74 on Friday. The company has a 50 day simple moving average of $53.68 and a two-hundred day simple moving average of $45.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.81 and a quick ratio of 4.13. The firm has a market cap of $4.05 billion, a P/E ratio of 21.14, a PEG ratio of 4.91 and a beta of 1.25. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $59.25.

Cactus (NYSE:WHD) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $261.20 million for the quarter, compared to the consensus estimate of $250.60 million. Cactus had a net margin of 15.39% and a return on equity of 15.18%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Equities 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 Thursday, March 19th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.1%. Cactus’s dividend payout ratio (DPR) is currently 23.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WHD. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Zacks Research downgraded shares of Cactus from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Citigroup increased their price target on Cactus from $55.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their price target on Cactus from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Piper Sandler began coverage on Cactus in a report on Tuesday, February 24th. They issued an “overweight” rating and a $73.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.33.

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