Dynamic Technology Lab Private Ltd Sells 6,461 Shares of Cactus, Inc. (NYSE:WHD)

Dynamic Technology Lab Private Ltd lowered its stake in Cactus, Inc. (NYSE:WHD) by 53.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,690 shares of the company’s stock after selling 6,461 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Cactus were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oarsman Capital Inc. purchased a new stake in shares of Cactus in the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its stake in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after buying an additional 359 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Cactus by 66.9% in the 4th 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, Meeder Asset Management Inc. purchased a new stake in shares of Cactus in the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays cut their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $55.00.

Cactus Stock Performance

WHD stock opened at $39.13 on Thursday. The stock has a market capitalization of $3.11 billion, a PE ratio of 13.88, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. Cactus, Inc. has a 12-month low of $33.80 and a 12-month high of $70.01. 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 stock’s 50 day simple moving average is $50.24 and its 200 day simple moving average is $58.08.

Cactus (NYSE:WHD) last released 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). The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. As a group, research analysts forecast that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.33%. 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.