Moody Aldrich Partners LLC Sells 3,471 Shares of Cactus, Inc. (NYSE:WHD)

Moody Aldrich Partners LLC lowered its stake in shares of Cactus, Inc. (NYSE:WHD) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 120,554 shares of the company’s stock after selling 3,471 shares during the quarter. Cactus makes up approximately 1.3% of Moody Aldrich Partners LLC’s holdings, making the stock its 19th biggest holding. Moody Aldrich Partners LLC’s holdings in Cactus were worth $7,036,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WHD. KBC Group NV boosted its stake in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. Andina Capital Management LLC boosted its stake in shares of Cactus by 25.1% in the 4th quarter. Andina Capital Management LLC now owns 15,445 shares of the company’s stock valued at $901,000 after purchasing an additional 3,097 shares during the last quarter. Barlow Wealth Partners Inc. boosted its stake in shares of Cactus by 4.6% in the 4th quarter. Barlow Wealth Partners Inc. now owns 270,435 shares of the company’s stock valued at $17,083,000 after purchasing an additional 11,968 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after purchasing an additional 221 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Cactus by 36.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock valued at $21,240,000 after purchasing an additional 97,570 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Insider Activity

In other news, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the sale, the chief executive officer now directly owns 36,357 shares in the company, valued at $2,230,501.95. This trade represents a 47.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,500 shares of company stock worth $8,916,325 over the last ninety days. Insiders own 17.72% of the company’s stock.

Cactus Stock Performance

Shares of WHD stock opened at $61.94 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market capitalization of $4.93 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 5.41 and a beta of 1.98. The company’s 50 day moving average price is $62.46 and its two-hundred day moving average price is $61.13. Cactus, Inc. has a 52 week low of $40.28 and a 52 week high of $70.01.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $0.80 EPS. On average, analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 0.84%. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

Analysts Set New Price Targets

WHD has been the topic of several recent research reports. Stifel Nicolaus reduced their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Bank of America raised their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a research report on Monday, November 4th. One investment 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $56.40.

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.