Cactus, Inc. (NYSE:WHD) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,284,023 shares of the company's stock after selling 204,990 shares during the period. Clearbridge Investments LLC owned 1.61% of Cactus worth $74,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares during the last quarter. Quest Partners LLC acquired a new stake in Cactus in the 3rd quarter valued at about $34,000. Versant Capital Management Inc raised its holdings in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after purchasing an additional 337 shares in the last quarter. Finally, AlphaQuest LLC raised its stake in Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after buying an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Cactus Stock Performance

Shares of Cactus stock traded down $3.13 on Friday, hitting $37.51. The stock had a trading volume of 2,220,370 shares, compared to its average volume of 744,331. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 52-week low of $35.35 and a 52-week high of $70.01. The company's 50 day moving average price is $52.64 and its 200 day moving average price is $58.93. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

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Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, research analysts anticipate that Cactus, Inc. will post 3.08 EPS 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 given 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 1.39%. Cactus's payout ratio is 18.84%.

Analyst Ratings Changes

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 report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $55.00.

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.