Loomis Sayles & Co. L P Sells 27,611 Shares of Cactus, Inc. (NYSE:WHD)

Loomis Sayles & Co. L P decreased its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 945,043 shares of the company's stock after selling 27,611 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.19% of Cactus worth $55,153,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 223 shares during the last quarter. Quest Partners LLC bought a new stake in Cactus during the third quarter worth $34,000. Versant Capital Management Inc raised its position in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after acquiring an additional 337 shares during the last quarter. Finally, AlphaQuest LLC grew its position 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 acquiring an additional 1,142 shares during the period. Institutional investors own 85.11% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their target price on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $55.00.

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Cactus Stock Performance

Shares of NYSE WHD traded up $0.23 during mid-day trading on Monday, reaching $45.90. 164,365 shares of the company were exchanged, compared to its average volume of 651,790. The stock has a market capitalization of $3.65 billion, a P/E ratio of 16.28, a P/E/G ratio of 5.13 and a beta of 2.05. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company's 50-day simple moving average is $54.62 and its 200-day simple moving average is $59.45. Cactus, Inc. has a twelve month low of $43.27 and a twelve month high of $70.01.

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). 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. As a group, research 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus's payout ratio is 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.