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

Clearbridge Investments LLC trimmed its holdings in Cactus, Inc. (NYSE:WHD) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,284,023 shares of the company’s stock after selling 204,990 shares during the period. Clearbridge Investments LLC owned 1.61% of Cactus worth $74,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WHD. Vanguard Group Inc. raised its holdings in Cactus by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 7,680,731 shares of the company’s stock valued at $448,247,000 after acquiring an additional 147,395 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Cactus by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock valued at $185,155,000 after purchasing an additional 52,085 shares during the last quarter. State Street Corp lifted its position in Cactus by 3.0% during the third quarter. State Street Corp now owns 2,755,757 shares of the company’s stock worth $164,436,000 after buying an additional 81,149 shares in the last quarter. Boston Trust Walden Corp boosted its stake in Cactus by 0.6% during the fourth quarter. Boston Trust Walden Corp now owns 1,797,489 shares of the company’s stock worth $104,901,000 after buying an additional 9,884 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after buying an additional 106,819 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Price Performance

NYSE:WHD opened at $45.79 on Tuesday. Cactus, Inc. has a 52 week low of $43.27 and a 52 week high of $70.01. The stock’s fifty day moving average is $54.27 and its two-hundred day moving average is $59.38. The company has a market capitalization of $3.64 billion, a P/E ratio of 16.24, a P/E/G ratio of 5.13 and a beta of 2.05. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its quarterly earnings data 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). The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Equities analysts expect that Cactus, Inc. will post 3.08 EPS for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. Cactus’s dividend payout ratio is currently 18.84%.

Analyst Ratings Changes

Separately, Barclays lowered their price target on shares of 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.00.

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.