Cactus, Inc. (NYSE:WHD) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its position in Cactus, Inc. (NYSE:WHD) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284,023 shares of the company’s stock after selling 204,990 shares during the quarter. Clearbridge Investments LLC’s holdings in Cactus were worth $74,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 223 shares during the period. Quest Partners LLC purchased a new position in Cactus in the 3rd quarter valued at approximately $34,000. Versant Capital Management Inc grew its stake in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Cactus by 66.9% during the fourth 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. Finally, AlphaQuest LLC raised its stake in shares of Cactus by 202.5% in the fourth quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock valued at $100,000 after acquiring an additional 1,142 shares in the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

Shares of WHD stock opened at $45.79 on Tuesday. The company has a market cap of $3.64 billion, a P/E ratio of 16.24, a PEG ratio of 5.13 and a beta of 2.05. The firm has a fifty day moving average price of $54.27 and a 200 day moving average price of $59.38. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. Cactus, Inc. has a 12 month low of $43.27 and a 12 month high of $70.01.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. Sell-side analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is 18.84%.

Analyst Ratings Changes

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 report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.00.

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.