Fmr LLC Sells 815,242 Shares of Cactus, Inc. (NYSE:WHD)

FMR LLC lessened its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,141,413 shares of the company's stock after selling 815,242 shares during the quarter. FMR LLC owned 10.23% of Cactus worth $475,133,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Illinois Municipal Retirement Fund lifted its holdings in shares of Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock worth $2,183,000 after acquiring an additional 169 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Cactus by 1.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company's stock worth $606,000 after buying an additional 180 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company's stock valued at $916,000 after acquiring an additional 200 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock valued at $197,000 after acquiring an additional 221 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew 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 acquiring an additional 223 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Remove Ads

Cactus Stock Down 1.4 %

Cactus stock traded down $0.51 during midday trading on Tuesday, reaching $36.59. The stock had a trading volume of 508,110 shares, compared to its average volume of 764,422. The company has a fifty day moving average price of $48.81 and a two-hundred day moving average price of $57.58. The company has a market capitalization of $2.91 billion, a P/E ratio of 12.99, a PEG ratio of 5.13 and a beta of 1.74. 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 12 month low of $33.80 and a 12 month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly 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 company had revenue of $272.12 million for 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%. As a group, equities analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's dividend payout ratio is presently 18.84%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WHD. Stifel Nicolaus reduced their price target on Cactus from $64.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday. Barclays decreased their price objective 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 given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $53.80.

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.