Royce & Associates LP Sells 2,948 Shares of Cactus, Inc. (NYSE:WHD)

Royce & Associates LP cut its stake in shares of Cactus, Inc. (NYSE:WHD) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,107 shares of the company’s stock after selling 2,948 shares during the period. Royce & Associates LP owned about 0.26% of Cactus worth $11,970,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC lifted its position in shares of Cactus by 9.8% during the fourth quarter. Natixis Advisors LLC now owns 18,258 shares of the company’s stock valued at $1,066,000 after purchasing an additional 1,635 shares in the last quarter. Vestcor Inc lifted its position in shares of Cactus by 321.2% during the 4th quarter. Vestcor Inc now owns 6,293 shares of the company’s stock worth $367,000 after buying an additional 4,799 shares in the last quarter. Swiss National Bank grew its holdings in shares of Cactus by 1.9% in the fourth quarter. Swiss National Bank now owns 130,700 shares of the company’s stock valued at $7,628,000 after acquiring an additional 2,400 shares in the last quarter. Moran Wealth Management LLC purchased a new stake in shares of Cactus during the fourth quarter valued at approximately $201,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cactus by 2.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,453 shares of the company’s stock worth $785,000 after acquiring an additional 286 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their price objective on 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.00.

Cactus Price Performance

Shares of NYSE WHD opened at $45.75 on Tuesday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $57.24 and a two-hundred day simple moving average of $60.07. Cactus, Inc. has a 1-year low of $43.27 and a 1-year high of $70.01. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is currently 18.84%.

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.