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

Atria Investments Inc trimmed its holdings in shares of Cactus, Inc. (NYSE:WHD) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,594 shares of the company’s stock after selling 572 shares during the period. Atria Investments Inc’s holdings in Cactus were worth $443,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company’s stock worth $185,155,000 after buying an additional 52,085 shares in the last quarter. State Street Corp raised its stake in shares of Cactus by 3.0% during the 3rd 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 raised its stake in shares of Cactus by 0.6% during the 4th 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock worth $104,934,000 after buying an additional 106,819 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Cactus by 6.8% during the 4th quarter. Van ECK Associates Corp now owns 1,082,658 shares of the company’s stock worth $63,184,000 after buying an additional 68,718 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Performance

NYSE WHD opened at $44.96 on Friday. Cactus, Inc. has a 1-year low of $43.27 and a 1-year high of $70.01. The company has a market capitalization of $3.58 billion, a P/E ratio of 15.94, a PEG ratio of 5.13 and a beta of 2.05. The business has a 50 day moving average price of $57.52 and a 200 day moving average price of $60.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD) last released 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). The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. Sell-side 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 will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s payout ratio is 18.84%.

Analysts Set New Price Targets

Separately, Barclays cut their target price 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.