Dynamic Technology Lab Private Ltd Lowers Stock Holdings in Cactus, Inc. (NYSE:WHD)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 53.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,690 shares of the company's stock after selling 6,461 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Cactus were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Oarsman Capital Inc. purchased a new position in shares of Cactus during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position in Cactus by 74.6% during the 4th 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 lifted its position 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 purchasing an additional 359 shares during the period. Jones Financial Companies Lllp lifted 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. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Cactus in the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $55.00.

Cactus Price Performance

NYSE:WHD traded down $0.49 during mid-day trading on Tuesday, hitting $36.61. 355,616 shares of the company's stock traded hands, compared to its average volume of 763,750. Cactus, Inc. has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a market cap of $2.91 billion, a PE ratio of 12.97, a price-to-earnings-growth 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. The firm's 50 day simple moving average is $48.81 and its 200 day simple moving average is $57.58.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $272.12 million for 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%. Sell-side analysts expect 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. Investors of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, March 3rd. Cactus's dividend payout ratio is presently 18.84%.

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.