Cactus, Inc. (NYSE:WHD) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Cactus, Inc. (NYSE:WHD) by 18.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,345,729 shares of the company’s stock after selling 309,681 shares during the period. Wellington Management Group LLP owned 1.69% of Cactus worth $78,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WHD. Smartleaf Asset Management LLC raised its holdings in Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after acquiring an additional 223 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 337 shares during the last quarter. AlphaQuest LLC lifted its position in Cactus by 202.5% during the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after buying an additional 1,142 shares in the last quarter. Finally, KBC Group NV boosted its stake in Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after buying an additional 1,059 shares during the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barclays reduced their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.00.

Cactus Price Performance

WHD stock opened at $37.51 on Friday. Cactus, Inc. has a 52-week low of $35.35 and a 52-week high of $70.01. The business has a fifty day moving average of $52.64 and a two-hundred day moving average of $58.95. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its quarterly earnings data 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). 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, research analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were given a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.39%. Cactus’s payout ratio is currently 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.