Cactus, Inc. (NYSE:WHD) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its position in Cactus, Inc. (NYSE:WHD) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,796 shares of the company’s stock after selling 311 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Cactus were worth $1,389,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Cactus by 74.6% in the fourth 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 period. Quest Partners LLC acquired a new stake in shares of Cactus in the third quarter valued at approximately $34,000. Versant Capital Management Inc boosted its holdings 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 acquiring an additional 359 shares during the period. Jones Financial Companies Lllp boosted 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 acquiring an additional 337 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Cactus in the third quarter valued at approximately $177,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cactus has a consensus rating of “Hold” and an average price target of $55.00.

Cactus Price Performance

Shares of NYSE WHD opened at $47.36 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The stock has a fifty day moving average price of $58.91 and a 200 day moving average price of $60.68. Cactus, Inc. has a 1-year low of $45.94 and a 1-year high of $70.01. The company has a market cap of $3.77 billion, a PE ratio of 16.79, a P/E/G ratio of 5.13 and a beta of 2.05.

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 analysts’ expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Sell-side analysts forecast that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

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 given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, March 3rd. 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.