Yousif Capital Management LLC Sells 447 Shares of Cactus, Inc. (NYSE:WHD)

Yousif Capital Management LLC lowered its position in Cactus, Inc. (NYSE:WHD) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,324 shares of the company’s stock after selling 447 shares during the period. Yousif Capital Management LLC’s holdings in Cactus were worth $1,478,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WHD. New York State Teachers Retirement System increased its holdings in shares of Cactus by 1.3% in the third quarter. New York State Teachers Retirement System now owns 15,500 shares of the company’s stock worth $925,000 after acquiring an additional 200 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Cactus by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after purchasing an additional 221 shares during the period. The Manufacturers Life Insurance Company increased its stake in Cactus by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock worth $2,182,000 after purchasing an additional 301 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Cactus during the third quarter worth $34,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD opened at $59.09 on Thursday. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 5.14 and a beta of 1.97. Cactus, Inc. has a 12 month low of $41.80 and a 12 month high of $70.01. The firm has a fifty day simple moving average of $60.81 and a 200 day simple moving average of $61.21. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio is currently 18.44%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the sale, the director now owns 12,177 shares in the company, valued at $794,183.94. This trade represents a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 17.72% of the stock is currently owned by corporate insiders.

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.