Sei Investments Co. Has $10.19 Million Stock Position in Cactus, Inc. (NYSE:WHD)

Sei Investments Co. trimmed its stake in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,561 shares of the company's stock after selling 131,300 shares during the quarter. Sei Investments Co. owned about 0.22% of Cactus worth $10,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted 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 valued at $30,000 after purchasing an additional 223 shares in the last quarter. Quest Partners LLC bought a new stake in Cactus during the third quarter worth approximately $34,000. Versant Capital Management Inc boosted its holdings 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 buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp grew its position in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after buying an additional 337 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company's stock valued at $100,000 after buying an additional 1,142 shares in the last quarter. 85.11% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $55.00.

Cactus Stock Down 14.4 %

Shares of Cactus stock traded down $6.81 during midday trading on Thursday, hitting $40.58. The company's stock had a trading volume of 1,991,384 shares, compared to its average volume of 736,152. Cactus, Inc. has a 1-year low of $39.94 and a 1-year high of $70.01. 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 firm has a market capitalization of $3.23 billion, a P/E ratio of 14.39, a PEG ratio of 5.13 and a beta of 1.74. The stock has a 50-day simple moving average of $53.16 and a 200-day simple moving average of $59.10.

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). The business 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%. As a group, sell-side analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.28%. Cactus's dividend payout ratio is presently 18.84%.

Cactus 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.