US Bancorp DE Decreases Position in Cactus, Inc. (NYSE:WHD)

US Bancorp DE cut its stake in Cactus, Inc. (NYSE:WHD - Free Report) by 22.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,648 shares of the company's stock after selling 5,343 shares during the period. US Bancorp DE's holdings in Cactus were worth $1,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of WHD. Weiss Asset Management LP acquired a new position in shares of Cactus in the third quarter valued at about $13,647,000. Fisher Asset Management LLC increased its holdings in Cactus by 65.5% in the 4th quarter. Fisher Asset Management LLC now owns 546,987 shares of the company's stock worth $31,922,000 after buying an additional 216,543 shares during the period. Bridgewater Associates LP purchased a new position in Cactus during the 3rd quarter worth approximately $9,501,000. Assenagon Asset Management S.A. lifted its stake in Cactus by 394.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company's stock valued at $9,338,000 after acquiring an additional 127,614 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company's stock valued at $104,934,000 after acquiring an additional 106,819 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company's stock.

Cactus Stock Performance

Shares of WHD traded down $1.73 during trading hours on Thursday, hitting $43.29. The stock had a trading volume of 817,316 shares, compared to its average volume of 581,585. The firm has a 50-day moving average price of $58.16 and a 200 day moving average price of $60.40. Cactus, Inc. has a fifty-two week low of $43.27 and a fifty-two week high of $70.01. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 5.13 and a beta of 2.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

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Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share 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 firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. As a group, research analysts anticipate that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, March 3rd. Cactus's payout ratio is currently 18.84%.

Analysts Set New Price Targets

Separately, Barclays lowered their price target on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. 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 company. According to data from MarketBeat.com, Cactus currently has a consensus rating of "Hold" and an average target price of $55.00.

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.