Hudson Edge Investment Partners Inc. Has $1.12 Million Stock Position in Cactus, Inc. $WHD

Hudson Edge Investment Partners Inc. grew its stake in shares of Cactus, Inc. (NYSE:WHD) by 249.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,388 shares of the company’s stock after buying an additional 20,258 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Cactus were worth $1,120,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. VELA Investment Management LLC increased its stake in Cactus by 1.8% during the third quarter. VELA Investment Management LLC now owns 117,549 shares of the company’s stock valued at $4,640,000 after acquiring an additional 2,109 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Cactus by 104.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 31,494 shares of the company’s stock valued at $1,243,000 after purchasing an additional 16,068 shares during the last quarter. Vest Financial LLC lifted its position in Cactus by 35.3% during the 3rd quarter. Vest Financial LLC now owns 107,899 shares of the company’s stock worth $4,259,000 after buying an additional 28,139 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Cactus by 9.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,379 shares of the company’s stock valued at $269,000 after purchasing an additional 626 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Cactus by 2.0% in the 3rd quarter. Amalgamated Bank now owns 19,830 shares of the company’s stock valued at $783,000 after buying an additional 387 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

WHD stock opened at $56.25 on Thursday. 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, Inc. has a 1 year low of $33.20 and a 1 year high of $64.23. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 5.37 and a beta of 1.26. The company has a 50 day simple moving average of $46.27 and a 200 day simple moving average of $42.87.

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

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.0%. Cactus’s payout ratio is currently 22.31%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WHD shares. Zacks Research raised Cactus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and raised their price target for the company from $45.00 to $55.00 in a research note on Thursday, December 11th. Stifel Nicolaus upped their target price on shares of Cactus from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Finally, Barclays lifted their price target on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.20.

Cactus 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.