Great Lakes Advisors LLC Sells 15,171 Shares of Cactus, Inc. (NYSE:WHD)

Great Lakes Advisors LLC lowered its position in Cactus, Inc. (NYSE:WHD) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,722 shares of the company’s stock after selling 15,171 shares during the period. Great Lakes Advisors LLC’s holdings in Cactus were worth $17,842,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WHD. Raymond James Financial Inc. bought a new stake in shares of Cactus in the 4th quarter valued at $16,377,000. Weiss Asset Management LP acquired a new position in Cactus in the 3rd quarter worth $13,647,000. Fisher Asset Management LLC boosted its stake in Cactus by 65.5% in the 4th quarter. Fisher Asset Management LLC now owns 546,987 shares of the company’s stock worth $31,922,000 after purchasing an additional 216,543 shares during the period. Bridgewater Associates LP acquired a new position in Cactus in the 3rd quarter worth $9,501,000. Finally, Assenagon Asset Management S.A. boosted its stake in Cactus by 394.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 160,005 shares of the company’s stock worth $9,338,000 after purchasing an additional 127,614 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Down 3.2 %

Cactus stock opened at $45.00 on Thursday. The firm has a 50-day moving average of $58.43 and a 200-day moving average of $60.51. Cactus, Inc. has a one year low of $44.90 and a one year high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 15.96, a P/E/G ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 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 analyst estimates of $277.59 million. On average, equities analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. Cactus’s dividend payout ratio is 18.84%.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note 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.com, Cactus has an average rating of “Hold” and an average price target of $55.00.

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.