American Century Companies Inc. Lowers Stock Position in Cactus, Inc. (NYSE:WHD)

American Century Companies Inc. cut its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 57.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 955,911 shares of the company's stock after selling 1,311,272 shares during the period. American Century Companies Inc. owned 1.20% of Cactus worth $55,787,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in WHD. JPMorgan Chase & Co. increased its position in shares of Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after purchasing an additional 52,085 shares during the last quarter. State Street Corp lifted its holdings in shares of Cactus by 3.0% in the 3rd quarter. State Street Corp now owns 2,755,757 shares of the company's stock worth $164,436,000 after acquiring an additional 81,149 shares during the last quarter. Boston Trust Walden Corp boosted its position in shares of Cactus by 0.6% during the 4th quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company's stock worth $104,901,000 after purchasing an additional 9,884 shares during the period. Geode Capital Management LLC increased its holdings in Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock valued at $104,934,000 after purchasing an additional 106,819 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Cactus by 6.8% in the fourth quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company's stock valued at $63,184,000 after purchasing an additional 68,718 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

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Cactus Stock Down 1.8 %

WHD traded down $0.82 on Friday, hitting $45.73. 541,419 shares of the company were exchanged, compared to its average volume of 729,066. The firm has a 50-day moving average price of $54.62 and a two-hundred day moving average price of $59.41. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a twelve month low of $43.27 and a twelve month high of $70.01. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analysts' expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. Cactus's payout ratio is currently 18.84%.

Analyst Upgrades and Downgrades

Separately, Barclays lowered their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.00.

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.