Cactus, Inc. (NYSE:WHD) Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in Cactus, Inc. (NYSE:WHD - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,180,783 shares of the company's stock after selling 200,998 shares during the quarter. Bank of New York Mellon Corp owned 1.48% of Cactus worth $68,911,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in WHD. Weiss Asset Management LP acquired a new stake in Cactus during the 3rd quarter valued at $13,647,000. Bridgewater Associates LP purchased a new position in Cactus in the 3rd quarter valued at about $9,501,000. Assenagon Asset Management S.A. grew its stake in shares of Cactus by 394.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company's stock valued at $9,338,000 after acquiring an additional 127,614 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cactus by 6.5% during the third quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock worth $104,934,000 after acquiring an additional 106,819 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Cactus by 429.4% in the third quarter. Barclays PLC now owns 123,562 shares of the company's stock worth $7,373,000 after acquiring an additional 100,223 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Down 2.1 %

Cactus stock traded down $1.02 during midday trading on Wednesday, hitting $47.53. The stock had a trading volume of 1,002,548 shares, compared to its average volume of 551,496. The business has a fifty day moving average price of $59.53 and a 200 day moving average price of $60.93. Cactus, Inc. has a 12 month low of $44.57 and a 12 month high of $70.01. The stock has a market cap of $3.78 billion, a P/E ratio of 16.85, a P/E/G ratio of 5.13 and a beta of 1.97. 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 (NYSE:WHD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Research analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.09%. Cactus's dividend payout ratio (DPR) is 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price objective on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company 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.