Rhumbline Advisers Has $11.31 Million Stock Holdings in Cactus, Inc. (NYSE:WHD)

Rhumbline Advisers decreased its holdings in Cactus, Inc. (NYSE:WHD) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 193,768 shares of the company’s stock after selling 6,306 shares during the quarter. Rhumbline Advisers owned 0.24% of Cactus worth $11,308,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Weiss Asset Management LP bought a new stake in shares of Cactus in the 3rd quarter worth about $13,647,000. Bridgewater Associates LP bought a new stake in shares of Cactus in the 3rd quarter worth about $9,501,000. Assenagon Asset Management S.A. grew its holdings in shares of 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Cactus by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock worth $104,934,000 after purchasing an additional 106,819 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Cactus by 429.4% in the 3rd quarter. Barclays PLC now owns 123,562 shares of the company’s stock worth $7,373,000 after purchasing an additional 100,223 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Down 2.4 %

WHD opened at $58.27 on Monday. Cactus, Inc. has a fifty-two week low of $44.57 and a fifty-two week high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market capitalization of $4.64 billion, a P/E ratio of 20.66, a P/E/G ratio of 5.13 and a beta of 1.97. The stock has a fifty day moving average of $60.20 and a 200-day moving average of $61.20.

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio is currently 18.44%.

Analyst Ratings Changes

Separately, Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.40.

About Cactus

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.