Paradice Investment Management LLC Boosts Stock Position in Cactus, Inc. $WHD

Paradice Investment Management LLC boosted its stake in shares of Cactus, Inc. (NYSE:WHD) by 111.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 582,218 shares of the company’s stock after acquiring an additional 307,124 shares during the quarter. Cactus comprises 5.2% of Paradice Investment Management LLC’s investment portfolio, making the stock its 11th biggest holding. Paradice Investment Management LLC’s holdings in Cactus were worth $22,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in shares of Cactus by 27.3% during the first quarter. MetLife Investment Management LLC now owns 50,885 shares of the company’s stock worth $2,332,000 after purchasing an additional 10,900 shares during the period. Jane Street Group LLC raised its position in Cactus by 482.7% during the 1st quarter. Jane Street Group LLC now owns 238,879 shares of the company’s stock worth $10,948,000 after buying an additional 197,887 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Cactus in the 1st quarter worth $3,740,000. Magnetar Financial LLC boosted its holdings in shares of Cactus by 156.6% in the first quarter. Magnetar Financial LLC now owns 12,544 shares of the company’s stock valued at $575,000 after acquiring an additional 7,655 shares in the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of Cactus during the first quarter worth about $1,123,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on WHD shares. Barclays raised their price objective on shares of Cactus from $51.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research note on Monday, December 22nd. Stifel Nicolaus upped their price objective on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and raised their target price for the company from $39.00 to $40.00 in a report on Wednesday, October 29th. Finally, Zacks Research raised shares of Cactus from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.20.

Cactus Stock Performance

NYSE WHD opened at $46.02 on Tuesday. The business has a 50 day moving average price of $43.22 and a 200 day moving average price of $42.18. The company has a market capitalization of $3.67 billion, a P/E ratio of 18.33, a PEG ratio of 4.96 and a beta of 1.29. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $65.35. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The company had revenue of $263.95 million for the quarter, compared to analyst estimates of $253.89 million. Cactus’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 earnings per share. Sell-side analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 1st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, December 1st. Cactus’s dividend payout ratio (DPR) is 22.31%.

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.