Alberta Investment Management Corp Sells 3,456 Shares of Cactus, Inc. (NYSE:WHD)

Alberta Investment Management Corp reduced its position in shares of Cactus, Inc. (NYSE:WHD) by 30.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,818 shares of the company’s stock after selling 3,456 shares during the quarter. Alberta Investment Management Corp’s holdings in Cactus were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Cactus in the third quarter valued at about $34,000. Versant Capital Management Inc raised 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 during the period. Sanctuary Advisors LLC bought a new position in shares of Cactus in the third quarter valued at about $177,000. KBC Group NV raised its position in shares of Cactus by 54.2% in the fourth 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 period. Finally, Nisa Investment Advisors LLC raised its position in shares of Cactus by 10.8% in the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after purchasing an additional 307 shares during the period. 85.11% of the stock is owned by institutional investors.

Cactus Trading Down 2.4 %

WHD stock opened at $58.27 on Friday. 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’s 50-day simple moving average is $60.20 and its 200 day simple moving average is $61.17. Cactus, Inc. has a 52 week low of $44.57 and a 52 week high of $70.01. The company has a market capitalization of $4.64 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 0.89%. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Cactus presently has a consensus rating of “Hold” and an average 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.