Chesapeake Capital Corp IL Reduces Holdings in Cactus, Inc. (NYSE:WHD)

Chesapeake Capital Corp IL trimmed its position in Cactus, Inc. (NYSE:WHD - Free Report) by 44.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,949 shares of the company's stock after selling 8,716 shares during the quarter. Chesapeake Capital Corp IL's holdings in Cactus were worth $639,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Xponance Inc. raised its position in Cactus by 19.2% in the fourth quarter. Xponance Inc. now owns 5,114 shares of the company's stock valued at $298,000 after purchasing an additional 823 shares during the period. Boston Partners grew its stake in shares of Cactus by 3.1% in the fourth quarter. Boston Partners now owns 289,300 shares of the company's stock valued at $17,138,000 after buying an additional 8,776 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Cactus by 55.7% in the 4th quarter. Intech Investment Management LLC now owns 25,761 shares of the company's stock valued at $1,503,000 after buying an additional 9,212 shares during the period. Thrivent Financial for Lutherans lifted its stake in Cactus by 96.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 102,695 shares of the company's stock worth $5,994,000 after acquiring an additional 50,489 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in Cactus during the 4th quarter worth about $364,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. One equities research 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 presently has a consensus rating of "Hold" and an average price target of $55.00.

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Cactus Stock Down 0.9 %

WHD traded down $0.42 on Friday, hitting $45.98. 2,405,466 shares of the company were exchanged, compared to its average volume of 703,913. The firm has a 50-day moving average price of $56.18 and a two-hundred day moving average price of $59.72. 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 $3.66 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

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

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. Cactus's payout ratio is 18.84%.

About Cactus

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.