SG Americas Securities LLC Has $132,000 Holdings in Cactus, Inc. (NYSE:WHD)

SG Americas Securities LLC reduced its holdings in shares of Cactus, Inc. (NYSE:WHD - Free Report) by 78.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,267 shares of the company's stock after selling 8,352 shares during the quarter. SG Americas Securities LLC's holdings in Cactus were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning bought a new stake in Cactus in the 2nd quarter valued at $467,000. Truist Financial Corp boosted its stake in Cactus by 15.0% in the 2nd quarter. Truist Financial Corp now owns 5,618 shares of the company's stock valued at $296,000 after purchasing an additional 733 shares during the period. AlphaMark Advisors LLC bought a new stake in Cactus in the 3rd quarter valued at $316,000. Vest Financial LLC boosted its stake in Cactus by 5.0% in the 3rd quarter. Vest Financial LLC now owns 23,709 shares of the company's stock valued at $1,415,000 after purchasing an additional 1,138 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Cactus by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company's stock valued at $188,000 after purchasing an additional 307 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cactus

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now owns 12,177 shares in the company, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.72% of the company's stock.

Cactus Price Performance

WHD traded down $0.12 on Friday, reaching $59.99. The stock had a trading volume of 581,189 shares, compared to its average volume of 448,905. Cactus, Inc. has a fifty-two week low of $43.24 and a fifty-two week high of $70.01. The firm has a 50-day moving average of $60.60 and a 200-day moving average of $61.19. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 5.14 and a beta of 1.97.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. Cactus's dividend payout ratio (DPR) is presently 18.44%.

Wall Street Analyst Weigh In

Separately, Barclays cut Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $56.40.

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.