Wellington Management Group LLP Reduces Stake in Cactus, Inc. (NYSE:WHD)

Wellington Management Group LLP cut its position in Cactus, Inc. (NYSE:WHD - Free Report) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,345,729 shares of the company's stock after selling 309,681 shares during the period. Wellington Management Group LLP owned 1.69% of Cactus worth $78,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WHD. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% in 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. Versant Capital Management Inc raised its holdings in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company's stock valued at $34,000 after buying an additional 359 shares during the period. 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 buying an additional 337 shares during the period. AlphaQuest LLC raised its holdings in shares of Cactus by 202.5% in the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after buying an additional 1,142 shares during the period. Finally, KBC Group NV raised its holdings in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company's stock valued at $176,000 after buying an additional 1,059 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, Barclays cut 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.00.

Cactus Stock Down 7.7 %

Shares of NYSE:WHD traded down $3.02 on Thursday, hitting $36.14. 107,263 shares of the company's stock were exchanged, compared to its average volume of 755,231. The company has a market capitalization of $2.88 billion, a PE ratio of 12.80, a P/E/G ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus, Inc. has a 1-year low of $33.80 and a 1-year high of $70.01. The firm's 50-day moving average is $50.24 and its 200 day moving average is $58.08.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results 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). The firm 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%. Sell-side analysts predict 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 was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 1.44%. Cactus's payout ratio 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.