Nomura Asset Management Co. Ltd. Sells 21,584 Shares of Cactus, Inc. (NYSE:WHD)

Nomura Asset Management Co. Ltd. decreased its holdings in Cactus, Inc. (NYSE:WHD) by 39.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 33,691 shares of the company’s stock after selling 21,584 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Cactus were worth $1,966,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in WHD. Smartleaf Asset Management LLC lifted its position in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after purchasing an additional 223 shares during the period. Versant Capital Management Inc raised its stake in 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 buying an additional 359 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after buying an additional 337 shares during the period. AlphaQuest LLC grew its holdings in shares of Cactus by 202.5% during the 4th quarter. AlphaQuest LLC now owns 1,706 shares of the company’s stock worth $100,000 after acquiring an additional 1,142 shares during the period. Finally, KBC Group NV raised its position in shares of Cactus by 54.2% in the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after acquiring an additional 1,059 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research 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 assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.00.

Cactus Price Performance

Shares of NYSE WHD opened at $47.44 on Thursday. The company has a 50 day simple moving average of $53.61 and a two-hundred day simple moving average of $59.23. Cactus, Inc. has a fifty-two week low of $43.27 and a fifty-two week high of $70.01. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 5.13 and a beta of 1.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million for 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%. Analysts expect that Cactus, Inc. will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio is presently 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.