Grandeur Peak Global Advisors LLC Sells 18,444 Shares of Cactus, Inc. (NYSE:WHD)

Grandeur Peak Global Advisors LLC decreased its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 35.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,063 shares of the company's stock after selling 18,444 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Cactus were worth $1,930,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oarsman Capital Inc. bought a new position in shares of Cactus in the fourth quarter worth about $26,000. Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 223 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 acquiring an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Cactus during the 4th quarter worth $76,000. 85.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WHD. Barclays reduced their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Stifel Nicolaus cut their price target on shares of Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cactus presently has a consensus rating of "Hold" and a consensus price target of $53.80.

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Cactus Trading Up 6.5 %

NYSE WHD traded up $2.34 during mid-day trading on Thursday, reaching $38.53. 653,605 shares of the stock were exchanged, compared to its average volume of 771,597. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The stock has a market cap of $3.07 billion, a P/E ratio of 13.66, a P/E/G ratio of 5.13 and a beta of 1.74. The stock has a 50 day simple moving average of $47.87 and a 200-day simple moving average of $57.29. Cactus, Inc. has a one year low of $33.80 and a one year high of $70.01.

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

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Monday, March 3rd. Cactus's dividend payout ratio (DPR) is 18.84%.

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.