Keeley Teton Advisors LLC Has $3.81 Million Position in Cactus, Inc. (NYSE:WHD)

Keeley Teton Advisors LLC cut its holdings in Cactus, Inc. (NYSE:WHD - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,236 shares of the company's stock after selling 24,647 shares during the quarter. Keeley Teton Advisors LLC owned 0.08% of Cactus worth $3,807,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Illinois Municipal Retirement Fund increased its holdings in Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company's stock valued at $2,183,000 after buying an additional 169 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Cactus by 1.8% in the 4th 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 in the last quarter. New York State Teachers Retirement System grew its stake in 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 increased its position in Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock worth $197,000 after purchasing an additional 221 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 purchasing an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Analyst Upgrades and Downgrades

WHD has been the topic of a number of analyst reports. Barclays dropped their price objective 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. Stifel Nicolaus lowered their target price on shares of Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $53.80.

Cactus Price Performance

NYSE WHD traded up $1.54 on Friday, reaching $37.73. The company's stock had a trading volume of 1,175,338 shares, compared to its average volume of 776,171. The firm's 50 day moving average is $46.97 and its two-hundred day moving average is $56.98. The stock has a market cap of $3.00 billion, a PE ratio of 13.38, a PEG 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 twelve month low of $33.80 and a twelve month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last issued 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). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.38%. The ex-dividend date was Monday, March 3rd. Cactus's dividend 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.