Keybank National Association OH Trims Holdings in Cactus, Inc. (NYSE:WHD)

Keybank National Association OH lessened its holdings in shares of Cactus, Inc. (NYSE:WHD) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,092 shares of the company’s stock after selling 943 shares during the period. Keybank National Association OH’s holdings in Cactus were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cornerstone Investment Partners LLC increased its holdings in Cactus by 27.3% during the 4th quarter. Cornerstone Investment Partners LLC now owns 9,235 shares of the company’s stock valued at $539,000 after purchasing an additional 1,982 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Cactus by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company’s stock worth $40,939,000 after acquiring an additional 13,669 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after acquiring an additional 337 shares during the period. Norden Group LLC grew its holdings in shares of Cactus by 5.6% during the 4th quarter. Norden Group LLC now owns 17,461 shares of the company’s stock worth $1,019,000 after acquiring an additional 931 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after acquiring an additional 223 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays reduced their target price 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 issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.00.

Cactus Stock Performance

Cactus stock opened at $47.36 on Monday. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.77 billion, a P/E ratio of 16.79, a PEG ratio of 5.13 and a beta of 2.05. The stock’s 50 day moving average is $58.91 and its 200 day moving average is $60.69. Cactus, Inc. has a twelve month low of $45.94 and a twelve month high of $70.01.

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%. On average, equities research analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.10%. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

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.