Alberta Investment Management Corp Has $456,000 Position in Cactus, Inc. (NYSE:WHD)

Alberta Investment Management Corp lowered its position in shares of Cactus, Inc. (NYSE:WHD) by 30.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position 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 buying an additional 359 shares during the period. KBC Group NV boosted its holdings 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 buying an additional 1,059 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Cactus in the third quarter valued at approximately $177,000. Finally, Nisa Investment Advisors LLC boosted its holdings 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 buying an additional 307 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD opened at $58.27 on Friday. Cactus, Inc. has a 12 month low of $44.57 and a 12 month high of $70.01. The firm has a fifty day simple moving average of $60.20 and a 200 day simple moving average of $61.17. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 5.13 and a beta of 1.97. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.40.

Cactus 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.