Bessemer Group Inc. Purchases 11,672 Shares of Cactus, Inc. $WHD

Bessemer Group Inc. grew its holdings in shares of Cactus, Inc. (NYSE:WHD) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 349,571 shares of the company’s stock after purchasing an additional 11,672 shares during the quarter. Bessemer Group Inc. owned about 0.44% of Cactus worth $13,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in shares of Cactus in the third quarter worth $25,000. Advisors Asset Management Inc. boosted its stake in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares in the last quarter. CWM LLC increased its holdings in Cactus by 131.7% in the 2nd quarter. CWM LLC now owns 2,966 shares of the company’s stock valued at $130,000 after buying an additional 1,686 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Cactus by 26.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,438 shares of the company’s stock valued at $194,000 after buying an additional 915 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Cactus in the 1st quarter valued at $203,000. 85.11% of the stock is owned by institutional investors.

Cactus Stock Performance

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

Cactus Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on WHD shares. Barclays upped their target price on shares of Cactus from $51.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Zacks Research cut Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th. Citigroup upgraded 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. Finally, Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $39.00 to $40.00 in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.20.

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.